Bear Stearns
ORG
Bear Stearns
The more or less final act came earlier this month, when Bear Stearns agreed to a settlement with the Securities and Exchange Commission under which it would pay $250 million to investors for its alleged fund-related transgressions. To begin with, Bear Stearns did not pay a fine. The company will pay $250 million in disgorgements and penalties. The penalty part was just $90 million. Bear Stearns agreed to pay all this money without admitting or denying the allegations.