UNIONDALE, N.Y., March 21 /PRNewswire/ -- Mark & Associates, P.C. announces the launch of a new website, http://www.bearstearnsinvestors.com/, which provides news, commentary and free legal case consultations to current and former Bear Stearns shareholders. Bear Stearns shareholders suffered staggering financial losses as the company's shares lost more than 90 percent of their value from March 13, 2008 to March 17, 2008. On March 13, 2008, Bear Stearns announced it had received emergency financing from JPMorgan Chase and the Federal Reserve, triggering a dramatic sell off of the company's shares. The bailout news was followed by an announcement on Sunday March 17, 2008, that JPMorgan Chase would acquire Bear Stearns for $2.00 per share.
Mark & Associates, P.C. believes that Bear Stearns misled shareholders by making false and misleading statements and by failing to disclose material facts concerning the company's business and financial status. The news of the bailout and subsequent sale of the company came just days after the company's CEO appeared on national television to reassure investors about the company's finances. Both the Securities and Exchange Commission (SEC) and the United States Congress have launched investigations into the bailout and sale of Bear Stearns.
Current and former Bear Stearns shareholders who lost in excess of $10,000 are encouraged to request a free consultation at http://www.bearstearnsinvestors.com/. Mark & Associates, P.C. and its co-counsel plan to file individual claims on behalf of investors who meet certain criteria. An individual claim is unlike a class action claim in that the remedies sought with individual claims are based upon the specific merit and facts of a particular loss. Class action claims are brought by one or more representatives on behalf of a group of class members who have similar claims.
Mark & Associates, P.C. has already been contacted by individual investors, institutional investors and Bear Stearns employees to learn about their legal rights. Many current and former Bear Stearns employees have lost a significant portion of, and in some cases their entire retirement savings. Many individual investors who purchased the stock on margin have had their shares sold out by their brokerage firms, as their accounts sank below equity limit requirements. Investors who purchased on margin may not have only lost all of their equity, but they could actually owe their brokerage houses money if their investment losses exceeded the equity in their accounts.
Investors can get more information by visiting http://www.bearstearnsinvestors.com/ or http://www.youhaverights.com/corporate-fraud/bear-stearns-stock-fraud. A podcast on the Bear Stearns crisis is available at http://www.youhaverights.com/podcast/episode/was-bear-stearns-acting-in-the- shareholders-best-interest/. (Due to the length of this URL, it may be necessary to copy and paste this hyperlink into your Internet browser's URL address field.) Investors can request a free legal consultation by completing the submission form on these websites or by calling 1-866-507-4448.
About Mark & Associates, P.C.
Mark & Associates, P.C. is a leading consumer law firm with offices in Boston, Massachusetts and Long Island, New York. The firm aggressively represents victims of securities and investment fraud, insurance bad faith, defective products, dangerous pharmaceuticals and medical devices and serious accidents. More information on Mark & Associates, P.C. is available at http://www.youhaverights.com/.
For more information: Jason Mark, Esq. 626 Rexcorp Plaza Uniondale, NY 11556 http://www.youhaverights.com/ 1-866-507-4448
