Comments on: Lehman Brothers Fraud Lawyers

By: Jim

Jim — Wed, 25 Nov 2009 21:09:01 +0000

I Lost 23000.00 in putnam funds in which I invested in Edward Jones in early 2000. Edward Jones knew about the scandals from putnam and did nothing to protect or warn me. I can surely learn to mismanage my own money without paying anyone!! Lets stop relying and paying a supposed professional to lose are money and put em out of business!!!

By: Jim

Jim — Tue, 17 Nov 2009 21:34:16 +0000

My broker with Edward Jones put $45,000 in Lehman Bond and said they were a good investment because they were Senior Bonds. When I contact him on two occasions regard selling he said if they are purchase and go into bankrupcy will will get most of your money back. At the time I was saying I should get out they had loss about 1/3 of the value. He acted like I was stupid and to just sit tight. Well know they are worth pennies and he never spoke to me again which wsa over one year. He said you have to take your complaint up with Edward Jones Headquarters who just gave me the brush off. Being retired and living on a fixed income was very bad advice from Edward Jones.

By: EDWARD

EDWARD — Thu, 23 Jul 2009 21:11:00 +0000

AGREE.. THE GOVT SHOULD ALLOW THESE LOSSES TO BE TAKEN IN TOTAL OFF OUR INCOME TAXES .. IN WHATEVER YEAR THEY WANT JUST LIKE CORPORATIONS ARE ALLOWED TO DO> DOESNT NEED MAJOR CONGREESIONAL ACTIUONS>> JUST A CHANGE TO THE TAX CODE… write your congressman and senators.

By: Andy

Andy — Wed, 01 Jul 2009 17:29:32 +0000

They just want the big bucks, heck with us who has less, not worth thier time or trouble. I kast 20K

By: Donna

Donna — Thu, 18 Jun 2009 23:20:25 +0000

All brokerage firms sold these so called 100% Principal Protection Notes under their name, not Lehman Bros. I was sold 280,000 of these notes by my UBS Rep – Trade confirmation said “UBS 100% Principal Protection Notes”. 4 months later it was changed on my statement to “LB 100% Princiapl Protection Notes” 4 months after that lehman declared bankruptcy – tell me UBS didn’t see this coming. Got the same story from UBS – nothing I can do but wait in line for the bankruptcy – FINRA gave them a slap on the hand – all regulating agencies failed the investors on this one and the only people getting rich off this is the lawyers who will be hired by the individual investor to try and get their money back from the major firms, like UBS – only any award will be at least 30% less after lawyer fees – what a crime – and it was committed in broad daylight in front of all regulators. Shame Shame Shame on the system.

By: Ron

Ron — Sun, 05 Apr 2009 15:59:54 +0000

UBS sold me $20,000 of 100% Principal Protected Notes, with “100% Principal protection” mentioned 6 times on Page one of the prospectus, once on Page two. There is not even the hint of any possibility of principal loss, default, etc on any page of the prospectus if the notes are held to maturity. Lehman Brothers rated A+ by Standard and Poor’s and A1 by Moody’s.

Am I missing something, but isn’t this just another Ponzi scheme that is being liquidated by the government with no consideration for the damage it has caused small, medium, and large investors alike?

It is just pathetic that the legal profession that rails against tort reform that would take away the ‘keys to the courthouse’, finds that those keys only work if there is a big enough dollar amount involved. Certainly, there must be some firm that would be willing to represent those of use below this $50,000 threshold.

By: Lamar

Lamar — Tue, 24 Mar 2009 13:47:10 +0000

It looks like a lot of these folks who reply on the Lehmann Brothers were in the $20,000 range. That is strange! I also was taken advantage of by my broker who “did not even consult me” about the purchase of Lehamann Brothers. He took $20,000 of mine in March of 2008 and now it is all gone! Don’t I have any recourse for such terrible actions on the part of such a “crook” as he was? Where do we go from here? Do we just lay back and take it all or do we get a “bailout” like all of the firms who did the wrong and they continue with our “tax money” while we have problems facing life and can’t hardly get along! something is wrong with all of this. Our Government should send every person who lost any money regarding Lehmann Brothers the exact amount in a check. They can do it! We pay our taxes and bailout funds are really ours anyway! Get our funds from the “bailouts” and give it back to us rather than the firms!!!

By: Julia

Julia — Mon, 23 Mar 2009 14:55:08 +0000

I purchased $30,000 of Lehman Bros Holdings Bonds at the recommendation of Edward Jones. I was asking for a safe investment like a CD from a bank and they told me this was just as safe as a CD with alittle better interest. I was investing money that I inherited from my mother who had worked many years to save to pass on. I wanted it safe so I could pass it on to my children. I think Edward Jones should have some responsibility in this. They assured me they were insured but did not explain that was only if they went bankrupt. I think they mishandled my money. I would like to be part of a class action suit if there is one.

By: Howard

Howard — Wed, 04 Feb 2009 17:20:13 +0000

I purchased $20,000 of Lehman Bros Holdings Bonds based on my
brokers guidance and the fact that the Ratings Agencies had the
(3) bonds rated as “Investment Grade”. This situation is not a matter of brokerage misinterpretatiom but , in my opinion, Rating Agencies
corruption, greed, conflict of interest, or just plain malfeasance. I believe that the ratings agencies should be mandated to pay back investor losses, not the brokerage houses. I would have never purchased the bonds on my brokers say-so if they were not rated
investment grade. It would be foolish to pursue litigation on an individual basis for a $20,000 claim; however a class-action suit
may be practical for those (small) investors who have been financially damaged and lack representation. Its a sad World when only investmemts of $50,000 are protected. It is over 4 months now
since the bankruptcy was declared and I have not received a single
contact from anyone regarding my standing to recoup any of my
investment. ( Of course the judge in the proceedings allowed major portions of Lehman Bros to be sold off for pennies on the dollar immediately following the filing. ) What has occurred is despicable.

By: Charles

Charles — Mon, 02 Feb 2009 00:32:01 +0000

My broker at Schwab put in a $50,000 Lehman bond as part of a ’safe’ investment program that I asked for. Who’s looking out for us ?

By: Mike

Mike — Fri, 02 Jan 2009 20:06:38 +0000

UBS sold me almost $250,000 in sStructrued notes. 100% prinicple protection. I lost it all and UBS telling me there is nothing they can do.

By: Brenda

Brenda — Sun, 28 Dec 2008 22:31:47 +0000

Why would you not consider mass representation of those of us who lost less than $50,000 in the Lehman Brothers fraud?

I lost $20,000 as a preferred stockholder of Series “D”.

Would be willing to give you all the needed information if a class action lawsuit was available. There are many of us left in the cracks

By: Oleta

Oleta — Sun, 28 Dec 2008 03:21:39 +0000

My broker bought me $20,000. Lehman Bros Corp bond on 11/23/07. She said her Compass Bank or Brokerage Dept cannot help me retreve my apparent $ 20,000.loss. Who can, who will help us investers under 50,000.?

By: Jeffrey

Jeffrey — Thu, 20 Nov 2008 21:42:59 +0000

So those of us who were hoodwinked into believeing these were safe investements and invested less than $50,000 don’t warrant represzentation? I lost $20,000, and for someone of my means, it’s enough to provoke thoughts of suicide.