OKLAHOMA CITY, OK -- (MARKET WIRE) -- 03/25/08 -- On March 25, 2008, Federman & Sherwood filed a securities class action lawsuit was filed in the United States District Court for the Southern District of New York against The Bear Stearns Companies, Inc. (NYSE: BSC) and certain officers and directors. The Complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material misrepresentations to the market which had the effect of artificially inflating the market price of the stock. The class period is from March 12, 2008 through March 14, 2008. This is a different class period than other lawsuits against Bear Stearns.
Plaintiff seeks to recover damages on behalf of the Class. If you are a member of the Class as described above, you may move the Court no later than Friday, May 16, 2008, to serve as a lead plaintiff for the Class. However, in order to do so, you must meet certain legal requirements pursuant to the Private Securities Litigation Reform Act of 1995.
If you wish to discuss this action, participate in this or any other lawsuit, or have any questions or concerns regarding this notice or preservation of your rights please contact: