Wolf Haldenstein Announces Investigation into Bear Stearns Employees' Stock Ownership Plan

Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible misconduct relating to the Bear Stearns Companies Inc. Employees’ Stock Ownership Plan (the "Plan”) (NYSE: BSC). Specifically, Wolf Haldenstein is investigating whether certain fiduciaries of the plan may have violated the Employee Retirement Income Security Act of 1974 ("ERISA”) by continuing to offer BSC common stock as a Plan investment option for participant contributions when it was imprudent to do so, and by maintaining heavy investment in BSC stock despite the Company’s gross failure to maintain adequate capital and liquidity. The Wolf Haldenstein investigation relates to whether certain fiduciaries of the Plans knew or should have known that Bear Stearns concealed its exposure to risky collateralized debt obligations ("CDOs”), sub-prime investments and other low-quality securities, yet continued to invest the employees’ assets in BSC stock. If you are a participant in the Plan you may have legal claims under ERISA. Wolf Haldenstein has been appointed co-lead counsel for the Class in the consolidated In re Morgan Stanley ERISA Litigation and has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in U.S. federal and state courts. Please visit the Wolf Haldenstein website (http://www.whafh.com) for more information about the firm. If you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact one of the following attorneys:   Gregory Mark Nespole Gustavo Bruckner Wolf Haldenstein Adler Freeman & Herz LLP 270 Madison Avenue New York, New York 10016 Phone Number: (800) 575-0735 (212) 545-4600   Email: Nespole@whafh.com Bruckner@whafh.com Classmember@whafh.com Website: http://www.whafh.com Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.