News

Jimmy Cayne May Be About To Come Into Some Money!

10-pound bag of Chronic Supernova, consider yourself bought.

Thousands of former Bear Stearns Cos. (BSC) employees will share a $10 million settlement of lawsuits claiming they lost money on the bank’s stock in their retirement accounts. Two ex-Bear Stearns employees yesterday asked a federal court judge in Manhattan to approve the settlement on behalf of an estimated 8,400 former colleagues. The settlement will resolve class-action suits filed beginning in 2008 against Bear Stearns and other defendants by former employees of the bank. The employees, participants and beneficiaries of Bear Stearns’s employee stock ownership plan who held shares of the bank’s common stock, claimed risky investments in subprime mortgages caused them to lose money.

Ex-Bear Stearns Employees to Get $10 Million in Settlement [Bloomberg]
Related: Jimmy Cayne Takes “It’s A Bag Of Oregano” Route In Face Of Drug Use Allegations

16 comments
(hidden for your protection)
Show all comments

16 Responses to “Jimmy Cayne May Be About To Come Into Some Money!”

  1. Ich bin ein Hakuna says:

    I miss making pitch book gravity bongs (velo bound, natch).

  2. PermaGuestII says:

    This fucking guy.

  3. Alt_EST says:

    You ever been through a settlement that benefits you which was a result of a series of lawsuits that was a direct result of your own mismanagement, greed, and short-sightedness…on weed?

  4. Guest says:

    You cool, man?

  5. Ex-Lehman Brother says:

    Um, hello?

  6. Thurgood says:

    Ya'll have smoked yourself retarded.

  7. Guest says:

    the lawyers will get 90% of whatever there is.

  8. UBS says:

    10 mill/ thousands of claims= ~10,000….

    talk about bonus time!!

    UBS MD

  9. guest says:

    time for more leisure vaporizer hits while playing backgammon

  10. Anonymous says:

    wait, what?

    1200 per this is 600 after

    = NKI

    Good work if you can get it

    Anna

  11. Mamat says:

    Wholesaling and Flipping houses means havnig your ducks in a row. House buyers should also have Cash, Hard Equity or conventional financing in place or you can apply for financing here. Your Flipping; foreclosures, Fixer Uppers & Wholesaling; Short Sale Deals, starts here! Sign Up to Search and Post Houses Free! Happy house hunting!

Our Sites

  • Above the Law
  • How Appealing
  • ATL Redline
  • Breaking Defense
  • Breaking Energy
  • Breaking Gov
  • Dealbreaker
  • Fashonista
  •