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Have you suffered from stock broker investment losses or fraud?
Legal recovery of investment losses from protected notes.
A class action legal action has been filed on behalf of persons who purchased Lehman Principal Protection Notes from UBS Monetary Services Inc, and other corporations. The class action suit alleges that defendants deceived financiers as to the hazards of making an investment in the Notes and that UBS and other firms offered and sold the Notes as suitable for investors wanting to protect their whole principal investment from investment losses. Following Lehman Bros bankruptcy filing, Lehman Principal Protection Notes went into default, causing the holders of these Notes to become senior unsecured creditors in Lehman’s bankruptcy proceeding. These stockholders will lose all or substantially all of their principal investments unless they file a litigation claim for their investment losses.
You may recover from investment losses in structured investments that were marketed as a hundred percent principal protected.
Gilman and Pastor is currently investigating consumer complaints that certain brokerage firms, financial establishments and entities misled their clients into buying a hundred % principal protected notes, thru assurances that their principal investment would be completely protected. Certain brokerage firms including UBS, Raymond James, Merrill Lynch, JP Morgan, Fidelity, and Wachovia, marketed and are claimed to have sold principal protected notes to their clients, in particular targeting conservative, anti-risk backers who were seeking to preserve their capital and generate earnings. Really, these notes subjected investors to significantly more risk than was revealed and, following Lehman Brothers’ bankruptcy filing and other finance events in Sep , holders of these principal protected notes faced losses, in a few cases, of their entire principal investment due to fraud.
Why Gilman and Pastor, LLP for your Investment Losses?
Gilman and Pastor are class action lawyers and a state litigation firm specializing in securities litigation, investment losses, investment fraud, consumer class actions and complicated business litigation. For 30 years our lawyers have recovered more than a billion bucks for our clients for investment losses.
Class action lawyers at Gilman and Pastor LLP Announces a Class Action Lawsuit Against AIG and Merrill Lynch, As Well As Additional Investigations of Structured Investments.
The countrywide legal company of Gilman and Pastor LLP with offices in Boston, Massachusetts, and Naples, Florida, claims that a class action court action has been brought on behalf of folks who acquired Structured Notes from AIG and Merrill Lynch. Financial fraud is running at pandemic proportions. The newest wave of the claimed highly fake investments is “structured investments”. The complaint alleges that brokerage firms and financial establishments aggressively marketed structured investments as being structured promissory notes that have complete principal protection, as contrasted to other instruments such as equity-backed funds that don’t provide principal protection.
Such structured notes subjected investors to noticeably more risk than may have been disclosed. Holders of these presumably principal protected notes face losses, in a few cases, of their complete principal investments. Gilman and Pastor LLP is finding that many stockholders haven’t been conscious of their money plights since their fiscal statements sometimes don’t reflect current worth but only purported worth at maturity. Moreover, holders of these investments are unfortunately learning that most of the investments are illiquid, leaving holders without a cure except filing a litigation claim.
Gilman and Pastor LLP is looking into over thirty structured note issuers and more than forty 40 banks who have issued or sold structured offerings. These include:
ABN AMBO Bank N.V.
AIG
Bank of America
Barclays Bank
Bear Stearns
Charles Schwab
Citigroup
Countrywide Securities
Credit Suisse
Deutsche Bank
E-Trade
Harris National Association
Incapital LLC
JP Morgan Chase
Lehman Brothers
Merrill Lynch
Morgan Keegan
Morgan Stanley
RBC Royal Bank
Societe Generale
Sun Trust Bank
UBS
Wachovia Corporation
The structured investments were typically offered and sold as OK for investors seeking to protect their entire principal investment. Every one of the issuers and sellers allegedly offered and stressed the protection of principal as a chief
objective when financiers are now learning they may be at risk for losing virtually all of their investment. Investors should act quickly to protect their interests.
For almost thirty years, class action lawyers, Gilman and Pastor LLP has been one of the state’s leading firms representing backers in stocks fraud actions and litigation to fix egregious corporate practices and breaches of fiduciary duty to investment losses that exceed $100,000.
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