Judge Approves $295M In Settlements In Bear Stearns Securities Class Action Suit

NEW YORK - A federal judge in New York on Nov. 9 approved more than $294 million in settlements with The Bears Stearns Cos. Inc. and certain of its former officers and directors, and the financial giant's former outside auditor, ruling that the settlements are procedurally and substantively fair (In re Bear Stearns Companies Inc. Securities, Derivative, and ERISA Litigation, MDL No. 08-md-1963, No. 08-2793, S.D. N.Y.).

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