Posts Tagged: Lehman Notes

Lehman bankruptcy liquidation to provide poor recovery to 100 percent principal protected notes investors says Vernon Healy investor advocacy law firm

Naples, Fla. — Investors holding Lehman 100 percent principal protected notes or other Lehman structured products are now receiving word that their share of the initial Lehman bankruptcy distribution on April 17 amounts to 6 cents on the dollar. “We’ve been informed by a representative of Wilmington Trust, the bankruptcy trustee that is handling Lehman… Read more »

UBS fraudulently hawked Lehman principal protected notes to clients,Vernon Healy investor claim states

Naples, Fla. — UBS fraudulently misrepresented Lehman principal protected notes in a heavy sales push to its brokerage firm clients at a time when it was systematically shedding its own Lehman debt behind the scenes in advance of the Lehman Brothers bankruptcy, according to a claim filed today by the nationwide investor advocacy law firm… Read more »

Vernon Healy files an additional $1.1 million in Lehman note claims against UBS

Naples, Florida — Nationwide investor advocacy law firm Vernon Healy filed $1.1 million in securities fraud claims today against UBS for misconduct involving sales of Lehman structured products that promised investors “principal protection” but left them with virtually worthless investments. In the past week, Vernon Healy has filed more than $2 million in claims against… Read more »

Vernon Healy and the Carrigan law firm file $1 million in securities fraud claims against UBS for Lehman principal protected note conduct in Texas state court

Houston, Texas — Attorneys for investors have filed $1 million in securities fraud charges in Texas state court against UBS in an effort to force UBS to answer for its Lehman principal protected note sales in a public court case versus private industry-sponsored arbitration. Trial lawyer Stephen Carrigan, who has hired nationwide investor protection law… Read more »

Vernon Healy: FINRA fine of UBS for Lehman notes deception is woefully weak

The investor advocacy law firm of Vernon Healy, which represents Lehman principal protected notes investors around the nation, called the $2.5 million fine issued against UBS today by Wall Street’s self regulatory organization a disturbingly small amount. FINRA, the Financial Industry regulatory Authority, fined UBS $2.5 million and ordered that the brokerage firm pay $8.25 million… Read more »

Wall Street using principal protected notes and other structured products to borrow collateral-free billions from main street investors

Naples, Florida — The Vernon Healy law firm is warning retirees to beware of structured products, principal protected notes, reverse convertible notes, and other structured products that Wall Street firms have increasingly dumped on conservative main street investors. “The financial industry is effectively using structured products to borrow billions of dollars from Main Street investors… Read more »

UBS dumped defective structured products on retirees

The sale of Lehman notes and other structured products by UBS is a classic example of why doing business with a Wall Street firm is hazardous. These Wall Street firms periodically use their own client base – including many fixed-income retired investors – as a dumping ground for defective products, including structured notes and reverse… Read more »

Lehman Principal Protected Notes Investor Awarded $2.2 Million in FINRA Arbitration

In another clear signal that Lehman Notes investors may be able to recoup their losses, a FINRA Arbitration Panel sided this week with a wealthy couple who bought Lehman “100% principal protected” notes and other Lehman structured notes from UBS. Even better news for investors who have suffered Lehman losses is FINRA’s ruling that UBSmust not only buy back the… Read more »

Lehman’s bankruptcy exposed wrongdoing of other Wall Street Players

On the two year anniversary of its collapse and bankruptcy filing, many contend that Lehman Brothers hid the full extent of its problems from the outside world until the bankruptcy.  While this may be true with respect to main street investors, don’t let Wall Street fool you into thinking that its major players didn’t see it coming…. Read more »