Zamansky & Associates Notifies Lehman Structured Noteholders They Should
Contact Us to Protect Their Legal Rights
NEW YORK -- January 25, 2013
Zamansky & Associates LLC notifies all customers of UBS Financial Services
(NYSE: UBS) who purchased Lehman Brothers 100% Principal Protection Notes, or
other notes based on Lehman Brothers, that they should contact us immediately
to preserve their legal rights. Zamansky continues to win substantial
settlements for UBS customers with losses in Lehman notes, through individual
claims in arbitration.
During 2007 – 2008, UBS sold an estimated $1.2 billion of Lehman structured
notes to its captive brokerage account customers. UBS recommended these Lehman
notes as “conservative” investments that were suitable for retirees and other
investors seeking safety and income, or who wanted out of the increasingly
volatile stock market. The Lehman notes had names such as 100% Principal
Protection Notes, Return Optimization Securities and Auto-Callable
Optimization Securities. UBS customers were generally unaware that these
supposedly “safe” notes were risky debt linked to Lehman Brothers’ “toxic”
balance sheet, and were shocked when the notes defaulted when Lehman Brothers
filed for bankruptcy.
If this describes your experience, you should contact Zamansky and inquire
about filing your own individual case to recover your losses from UBS. Your
own case is separate from the bankruptcy case, and may have merit even if you
are wealthy, sophisticated or you invested modest amounts.
If you do not pursue your own case, you will be subject to the pending federal
court class action which is based only on prospectus failures. Unless you “opt
out” of the class action, your recovery will be limited to any class action
settlement. Historically, successful securities class actions have yielded
relatively modest recoveries—between 2.1 and 3.3% from 1996 through 2011. An
arbitration is likely to yield a greater recovery because the strengths of
your individual situation and case can be highlighted.
Zamansky won two arbitration awards for investors against UBS for full
recovery, or 100% of the losses, on Lehman Brothers 100% Principal Protection
Notes. One of the wins is the largest arbitration award to date against UBS on
these notes. We have successfully represented dozens of other UBS customers
who suffered losses through their Lehman note investments, and no other firm
has our experience with these cases.
What You May Do
If you would like to discuss your legal rights and how you can recover your
losses through bringing an individual arbitration, you may, without obligation
or cost to you, email firstname.lastname@example.org or call the law firm at (212)
About Zamansky & Associates
Zamansky & Associates is one of the leading law firms specializing in
securities fraud and financial services arbitration and class action
litigation. We represent both individual and institutional investors. Our
practice is nationally recognized for our ability to aggressively prosecute
cases and recover losses.
To learn more about Zamansky, please visit our website, www.zamansky.com.
Zamansky & Associates, LLC
Jake Zamansky, 212-742-1414
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