Reuters – Bear Stearns Cos Inc disclosed on Thursday that some shareholders want a federal judge to block the troubled investment bank’s impending takeover by JPMorgan Chase & Co.
According to a filing with the Securities and Exchange Commission, Cohen v. The Bear Stearns Coswas filed in Manhattan Federal Court. Plaintiffs seek permission to file a motion that would stop the merger.
This suit is separate from a shareholder lawsuit filed in New York State court that also wanted to stop the controversial bank merger.
On Wednesday, the state suit plaintiffs withdrew a motion to prevent JPMorgan from voting a large block of shares it acquired on April 8 during the May 29 special shareholder meeting.
