For a free consultation, please provide the following:

Main Office
11780 W. Sample Road
Coral Springs, FL 33065
Phone: (954) 755-4799
Fax: (954) 755-4684
VIEW MAP

New York, New York
14 Wall Street
20th Floor
New York, NY 10005
Phone: (212) 618-1622
By Appointment Only

Boca Raton
2101 NW Corporate Boulevard
Suite 218
Boca Raton, FL 33431
Phone: (561) 665-8613
By Appointment Only

RECENT NEWS

Lehman Brothers Principal Protected Notes Update

February 4th, 2013 | Posted by in Lehman PPNs

Silver Law Group continues to represent investors in claims against UBS for the sale of Lehman Principal Protected Notes.  Investors in Principal Protected Notes issued by Lehman Brothers should quickly act to preserve their right to recover their losses.  A class action lawsuit filed against UBS may prevent you from bringing an individual claim against UBS to recover your losses.  The Silver Law Group continues to obtain substantial settlements for investors with losses in Lehman structured notes through FINRA arbitrations against UBS and other selling broker-dealers.

Brokers at UBS and other firms sold over $1 billion of Lehman Brothers structured notes, many under the guise of “principal protected notes,” in 2007 and 2008.  While many investors were told that the notes were safe income-producing investments, the Notes were essentially unsecured loans to Lehman Brothers.  Many investors purchased 100% Principal Protected Notes, which offered 100% principal return.  When Lehman Brothers declared bankruptcy in September 2008, the Principal Protected Notes became almost worthless overnight.  Many investors learned, for the first time, that the Notes were tied to Lehman Brother’s creditworthiness.

UBS was fined $2.5 million by FINRA and ordered to pay $8.25 million in restitution for its misconduct to a limited number of customers for its sale of Lehman Brothers Notes.  A class action lawsuit was also filed against UBS.  Note investors who do not “opt out” of the class action may be precluded by law from bringing an individual claim against UBS.  We urge investors to consider their options, including pursuing a FINRA arbitration claim.  Traditionally, investors in arbitration have recovered far greater damages from brokerage firms than those that they would have received from a class action.   

If you lost money because of an investment in Lehman Brothers Principal Protected Notes, the time to act is now.

Please contact Silver Law Group for a free consultation toll free at (800) 975-4345 or ssilver@silverlaw.com.

Comments are closed.