The securities law firm of David R. Chase, P.A. (the “Firm”), headed by former SEC Prosecutor David R. Chase, is currently investigating claims on behalf of investors who purchased Lehman Brothers Principal Protected Notes or other Lehman Structured Notes, which were heavily marketed and sold by several of the major Wall Street Firms, including UBS.
The Lehman Brothers Principal Protected Notes were pitched to investors, including retirees and the elderly, seeking a safe and conservative “risk free” haven for their monies. As is now painfully clear, the “100 percent principal protection” guarantee was illusory as it became essentially worthless when Lehman declared bankruptcy. In certain egregious situations, the Lehman Principal Protected Notes were sold to investors just prior to Lehman’s bankruptcy filing.
Significantly, New Hampshire’s Securities Regulator filed a claim against UBS alleging that it failed to warn investors about the risks of its structured investment products once Lehman Brothers began to suffer financial problems.
The Firm is also investigating investor claims for losses resulting from broker’s recommendations of Lehman Brothers Preferred and Common Stock made within the last few months prior to Lehman’s bankruptcy filing on September 15, 2008. It is also looking at potential claims by investors who were over-concentrated in Lehman Brothers Securities or that of any other financial institution and suffered significant losses.
The Law Firm of David R. Chase, P.A., has extensive experience representing defrauded investors nationwide in securities arbitration matters. The Firm’s principal, David R. Chase, has over seventeen (17) years of experience, is AV-Rated by Martindale-Hubbell (its highest rating), and previously served as Senior Counsel in the Enforcement Division of the Securities and Exchange Commission, and as a Special Assistant United States Attorney in the Economic Crimes Division of the United States Attorney’s Office in the Southern District of Florida.
If you suffered losses in Lehman Brothers Principal Protected Notes, or Lehman Brothers Preferred or Common Stock, call now for a free and confidential case evaluation.