Managing 401(K) Plans

Bear Stearns Hit With Three Class Actions FOLLOWING JPMorgan Purchase of Brokerage An Employee Retirement Income Security Act class action suit, Weber v. Bear Stearns Cos., filed March 18, is the second by a Bear Stearns Co. employee alleging that breaches by company employee stock ownership plan fiduciaries have caused employees to lose hundreds of millions of dollars in retirement savings—bringing to three the number of class actions filed against the investment bank.