NEW YORK, Oct. 16, 2010 (GLOBE NEWSWIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes, , announced today that it is continuing to pursue securities arbitration claims against UBS Financial Services (NYSE:UBS) with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution, on behalf of investors who sustained losses in Lehman Brothers 100% Principal Protection Notes ("Lehman Notes"). The Lehman Notes were represented by UBS to be safe, "no risk" investments, and that, at a minimum, investors would receive 100% of their investment in the Lehman Notes once they reached maturity. Unfortunately, UBS failed to inform its customers of the risks associated with the Lehman Notes, including the credit risk of the borrower, Lehman Brothers. In reality, the Notes were just unsecured Lehman debt. Contrary to UBS' representations regarding the safety of the Lehman Notes, the Notes are now worthless. Apart from Lehman Brothers, UBS was the largest seller of the Lehman Notes.
While a class action lawsuit has been filed relating to the Lehman Notes, Klayman & Toskes reminds investors of the benefits of filing an individual arbitration claim, as opposed to participating in a class action lawsuit. By participating in a class action lawsuit, an investor may only recover a nominal amount. However, if one has experienced significant investment losses, it may be more beneficial for them to file an individual securities arbitration claim. In 2003, Klayman & Toskes conducted a detailed study of securities arbitration versus class action. The study concluded that investors who file a securities arbitration claim traditionally obtain an overall higher rate of recovery as opposed to participating in a class action lawsuit. To view the full results of the comparison, please visit our web-site:
Investors who have sustained losses in the Lehman Notes can contact Klayman & Toskes to explore their legal rights and options. The attorneys at Klayman & Toskes are dedicated to pursuing claims on behalf of investors who have suffered investment losses. Klayman & Toskes, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
If you wish to discuss this announcement or have investment losses of $100,000 or more in the Lehman Notes, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956 or visit us on the web at
CONTACT: Klayman & Toskes, P.A. 888-997-9956