The Bear Pays Eliot and Moves On, Market Cheers

StockJockey's avatar
by StockJockey
Friday, December 16, 2005 - 8:53 am

bearWhat a great world we live in where an announcement that a firm has paid $250 million to settle accusations about alleged illegal behavior is met by cheers from investors. With the uncertainty about the firm’s liability in connection with the mutual fund timing scandal removed and news of blockbuster earnings, the stock rose $6 yesterday to close at $116.50.
Bear Pays $250M to Settle [NY Post]

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