WASHINGTON AP - Securities regulators haven't ruled out legal action over potentially misleading comments about Bear Stearns' financial health made days before JPMorgan arranged to buy the investment bank.The Securities and Exchange Commission said Tuesday that its lawyers will "favorably" factor in the circumstances of the Bear Stearns
March 19, 2008 at 12:00 AM
1 minute read
WASHINGTON AP – Securities regulators haven’t ruled out legal action over potentially misleading comments about Bear Stearns’ financial health made days before JPMorgan arranged to buy the investment bank.
The Securities and Exchange Commission said Tuesday that its lawyers will “favorably” factor in the circumstances of the Bear Stearns & Cos. takeover in deciding whether to act against its new owner.
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