NEW YORK, Feb. 16, 2011 (GLOBE NEWSWIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes, , announced today that it filed a securities arbitration claim against UBS Financial Services (NYSE:UBS) with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution, on behalf of an investor who sustained losses in Lehman Brothers 100% Principal Protection Notes ("Lehman Notes"). The claim seeks damages of $100,000. 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. According to Lawrence L. Klayman of Klayman & Toskes, "We have consistently said that investors who lost $100,000 or more in their brokerage account should pursue an individual arbitration claim rather than participate in a class action. The Awards coming out in these Lehman Note cases confirm our position."
To date, investors who filed claims against UBS in the FINRA arbitration forum have won seven of eight cases. The sole case which did not prevail was filed by a pro se investor. Collectively, the eight cases sought damages of $3,642,688, with Panels handing out 95% of that amount, or $3,461,438. Five of the seven successful cases won 100% of the damages sought. The other two cases won an average of 67% of the damages. The high win rate in these cases stands in stark contrast with the results obtained by investors from 2006 to 2010. During this time frame, investors won about 43% of the time.
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:
Many investors of the Lehman Notes have received paperwork from the Lehman Brothers bankruptcy proceeding, and are hoping to recover their losses in the Notes through that process rather than filing an individual action. However, it is unclear how long that process will take, or whether investors will recover more than a nominal amount. Accordingly, investors should act promptly to determine if they have to contend with any statute of limitations issues.
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 http://www.nasd-law.com.
CONTACT: Klayman & Toskes, P.A. 888-997-9956