Lehman Brothers Structured Notes UBS Claims Following Bankruptcy
While a recent bankruptcy plan would only allow investors in Lehman Brothers “Principal Protected” Structured Notes to recover 21% of the value, individuals who bought the notes based on recommendations by UBS Financial Services and other brokerages may still be entitled to recover their investment losses through a stock broker fraud arbitration claim.
▸ Lehman Brothers Structured Notes Claims Against UBS
The financial fraud lawyers at Saiontz & Kirk, P.A. are continuing investigating potential Lehman Brothers Structured Notes claims for individuals who lost more than $50,000. To review a case for yourself, a friend or family member, request a free consultation and claim evaluation.
Lehman Brothers, once the fourth largest investment bank on Wall Street, filed for bankruptcy on September 15, 2008. During the months leading up to the company’s fall, UBS and other brokers continued to recommend the bank’s financial instruments, even though they knew or should have known that Lehman Brothers was in a weak financial position due to the sub-prime mortgage market collapse.
The Lehman Structured Notes were supposed to be guaranteed, but became worthless when the bank folded.
According to a reorganization plan announced last week, the company will only pay $65 billion of the total debt totaling $320 billion. Creditors representing $160 billion of that debt have already signed off on the plans.
Despite the bankruptcy, investors may still pursue Lehman Brothers Structured Notes UBS claims through the Financial Industry Regulatory Authority (FINRA) to recoup more of their losses. UBS and other brokers may have violated their fiduciary responsibility to ensure that the Lehman Brothers investments were in line with the objectives and risk tolerance of their clients.
LEHMAN BROTHERS NOTES UBS CLAIM LAWYERS
The lawyers at Saiontz & Kirk, P.A. are providing claim evaluations for investors who lost in excess of $50,000 to determine whether the circumstances surrounding the loss may allow the investor to obtain a financial recovery. To review a potential claim, request a free consultation.
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