Lehman Brothers Fraud Lawyers
The financial fraud lawyers at Saiontz & Kirk, P.A. are investigating potential Lehman Brothers lawsuits and stock broker arbitration claims for individuals who lost over $50,000.00 as a result of investments in Lehman Brothers, which filed for bankruptcy on September 15, 2008.
Investors who purchased Lehman Brothers principal protected notes, also known as Lehman structure notes, or Lehman Brothers stock based on the recommendations of their broker may be entitled to recover their investment losses.
LEHMAN STRUCTURED NOTES
Lehman Brothers structured notes were sold by many brokers to investors as a safe and conservative investment which “guaranteed” that investors would at least get back their initial investment. However, the Lehman protected notes are now essentially worthless following the investment bank’s bankruptcy filing.
During the months leading up to the bankruptcy filing on September 15, 2008, many brokers continued to recommend these financial instruments, even though they knew or should have known that Lehman Brothers’ financial position was weak and compromised by the sub-prime mortgage market collapse, which Lehman helped create.
The Lehman structured notes were being sold to generate revenue to make up for the underperformance of securities related to the subprime mortgage crisis. Many of the same brokerage firms who had stock brokers recommending these investments as safe and conservative, were selling Lehman structured notes for the same reasons.
LEHMAN BROTHERS STOCK LOSSES
For individual investors who purchased shares of Lehman Brothers stock since January 2008 as part of a solicited trade, or with the advise and recommendations of their stock broker, potential recoveries may be available through an arbitration claim. Cases are not being investigated for self-directed trades, or those made based only on the decisions and research of the investor. For those who purchased shares prior to 2008, potential cases are being evaluated if the broker advised to hold the security within 90 days of the bankruptcy filing.
In many cases, the recommendations and actions of stock brokers have violated their fiduciary responsibility to ensure that the Lehman Brothers investments were in line with the objectives and risk tolerance of their clients. Financial recovery may be available through a FINRA arbitration claim for investors who lost money as a result of unsuitable Lehman Brothers stock purchases, or overconcentration in the investment bank securities.
LEHMAN BROTHERS CLASS ACTION LAWSUITS
A number of Lehman Brothers lawsuits and Lehman Brothers class action suits have been filed on behalf of large investors and those who purchased Lehman Preferred Series shares as part of offerings during the months leading up to the bankruptcy. The Lehman Brothers lawsuits allege that false and misleading statements were made about the lack of capitalization at the bank and the impact of the sub-prime mortgage crisis.
LEHMAN BROTHERS LAWYERS
The Lehman Brothers fraud lawyers at Saiontz & Kirk, P.A. are providing claim evaluations for investors who lost in excess of $50,000.00 to evaluate whether the circumstances surrounding the loss may allow the investor to obtain a financial recovery. To review a potential claim, request a free consultation and claim evaluation.