Did you suffer losses as a result of your investment in a Lehman Brothers Principle Protected Note (PPN) that you purchased through UBS and are not satisfied with the reported announcement that Lehman Brothers Principle Protected Note (PPN) investors would only be receiving 21 cents on the dollar for their investment losses? If so, The White Law Group may be able to help you recover the remainder of your investment loss through a FINRA dispute resolution claim against UBS.
An article on aboutlawsuits.com reports that recently, “the committee representing unsecured investors in the Lehman Brothers bankruptcy proceedings announced a reorganization plan, which will result in investors holding the company’s “guaranteed” notes realizing huge losses unless they take additional legal action, such as filing an arbitration claim against UBS with the Financial Industry Regulatory Authority (FINRA).” The reorganization plan is reportedly supposed to be voted on and put into motion on Friday.
The White Law Group’s securities practice focuses on FINRA arbitration and has the experience to help guide you through the recovery process.
UBS has struggled to defend itself against allegations that it was culpable for losses investors suffered in the principal protected notes and numerous FINRA arbitrations have been filed alleging that UBS failed to adequately represent the risks of these Lehman structured products. FINRA also issued heavy fines against UBS in April with regards to the sale of the PPN’s further indicating their potential exposure to claims involving the Lehman Brothers Principle Protected Notes.
If you are not satisfied with receiving 21 cents on the dollar for your investment losses in a Lehman Brothers Principle Protected Note (PPN) and would like to speak to a securities attorney about how you may be able to recover an additional portion of your investment please call our Chicago office at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at https://www.whitesecuritieslaw.com.