Special Notice to Bear Stearns Employees http://www.shermanlawyers.net/
I believe that Bear Stearns employees are the victims of securities fraud in connection with losses in Bear Stearns stock and other securities, including losses in restricted stock received as bonus compensation and Bear Stearns ESOP losses. It appears that there may be multiple ERISA violations connected to misconduct by administrators of the ESOP plan. Much more on this can be found on our Bear Stearns webpages.
When you're finished looking over this this message, please visit the two webpages we've dedicated to resources for Bear Stearns employees - the Bear Stearns Employees page, and the Bear Stearns News pages.
(a) the purpose and effect of severance agreements, see The Bear Stearns Employee Law Blog and
(b) understanding why a Bear Stearns employee may be better off 'opting out' of a Bear Stearns class action lawsuit than participating in one. see Google News May 12, 2008.
How many of these Bear employees participated in securities fraud divesting thousands of their homes? and now they're seeking equitable treatment? Excuse me? 'Opting out' of class action.....hmmm, now that's a novel idea. Maybe they got it from mortgage servicing fraud victims who didn't want to wait around for their drop in the bucket settlements and agreements that wouldn't be enforced, knowing they'd be better off taking matters into their own hands.