Securities Fraud
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 for people who acquired Lehman Principal Protection Notes from UBS Fiscal Services Inc, and other companies. The class action legal action alleges that defendants deceived financiers as to the hazards of making an investment in the Notes and that UBS and other corporations 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 financiers 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 100 % principal protected.
Gilman and Pastor is currently investigating consumer complaints that certain brokerage firms, financial institutions and entities misled their clients into buying a hundred p.c principal protected notes, thru assurances that their principal investment would be fully 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, particularly targeting conservative, anti-risk stockholders who were seeking to preserve their capital and generate income. In reality, these notes subjected investors to seriously more risk than was revealed and, following Lehman Brothers’ bankruptcy filing and other finance events in September, holders of these principal protected notes faced losses, in some cases, of their complete principal investment due to fraud.
Why Gilman and Pastor, LLP for your Investment Losses?
Gilman and Pastor are class action lawyers and a national litigation firm focusing on instruments litigation, investment losses, investment fraud, consumer class actions and complicated business litigation. For thirty years our lawyers have recovered more than a billion dollars on behalf of our clients for investment losses.
Class action lawyers at Gilman and Pastor LLP broadcasts a Class Action Lawsuit Against AIG and Merrill Lynch, As Well As extra Inquiries of Structured Investments.
The state legal firm of Gilman and Pastor LLP with offices in Boston, Massachusetts, and Naples, Florida, announces that a class action court action has been brought on behalf of persons who purchased Structured Notes from AIG and Merrill Lynch. Money crime is running at epidemic proportions. The most recent 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 points out that have complete principal protection, as contrasted to other instruments like equity-backed funds that don’t provide principal protection.
Such structured notes subjected stockholders to significantly more risk than might have been disclosed. Holders of these presumably principal protected notes face losses, in a number of cases, of their complete principal investments. Gilman and Pastor LLP is finding that many stockholders haven’t been aware of their money plights since their finance statements generally do not reflect current value but only purported worth at maturity. Moreover, holders of these investments are sadly learning that most of the investments are illiquid, leaving holders without a remedy except filing a litigation claim.
Gilman and Pastor LLP is looking into over thirty 30 structured note issuers and more than forty 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 usually offered and sold as suitable for stockholders looking to protect their complete principal investment. Every one of the issuers and sellers allegedly touted and emphasised the protection of principal as a chief
objective when investors are now learning they may be in danger for losing nearly all of their investment. Speculators should act fast to guard 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 instruments fraud actions and litigation to fix egregious company practices and breaches of fiduciary duty to investment losses that exceed $100,000.
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