SOUTH BURLINGTON, VT–( EMWNews – April 4, 2008) – Johnson & Perkinson hereby announces

that it has filed a complaint against The Bear Stearns Companies Inc.

(“Bear Stearns” or the “Company”) (NYSE: BSC) in the U.S. District Court

for the Southern District of New York. The complaint, on behalf of

participants and beneficiaries who obtained Company stock through an

employee stock ownership plan between December 14, 2006 and the present,

seeks redress under the Employee Retirement Income Security Act of 1974

(“ERISA”). The complaint alleges the failure of the plan fiduciaries to

act solely in the interest of the participants and beneficiaries, and to

exercise the required skill, care, prudence and diligence in administering

the retirement plan, as is required by ERISA.

Johnson & Perkinson, a law firm based in South Burlington, Vermont, has

extensive experience prosecuting investor class actions and actions

involving financial fraud and ERISA. Attorneys Johnson and Perkinson are

both former employees of the Securities and Exchange Commission. Dedicated

to maximizing shareholder return, Johnson & Perkinson has prosecuted

complex class actions alleging violations of ERISA, securities or consumer

fraud/deception on behalf of employees/investors/consumers against numerous

public companies since 1985, resulting in the recovery of many hundreds of

millions of dollars, including serving as Co-Lead Counsel in the recently

announced $750 million settlement with Xerox Corp., and has been singled

out for excellence by various courts.

If you participated in the employee stock ownership plan during the class

period and would like to discuss your rights or interests with respect to

these matters, please contact Johnson & Perkinson attorneys James F.

Conway, III or Eben F. Duval toll free at 1-888-459-7855; via email at

[email protected]; through our website at www.jpclasslaw.com; or by mail

at Johnson & Perkinson, 1690 Williston Road, P.O. Box 2305, South

Burlington, Vermont 05403.