Notice From the Securities Arbitration Law Firm of Klayman & Toskes to All UBS
Customers Who Are Eligible to Participate in the Certified Class Action
Regarding Lehman Principal Protection Notes -- UBS
NEW YORK, Feb. 18, 2013 (GLOBE NEWSWIRE) -- The Securities Arbitration Law
Firm of Klayman & Toskes, P.A. ("K&T"),
www.lehmanprincipalprotectionnotes.com, announced today that a securities
class action lawsuit filed against UBS Financial Services (NYSE:UBS), Case No.
09-md-02017, has obtained certification for a class of investors who purchased
certain Lehman Principal Protection Notes from UBS. UBS customers who are
eligible to participate in the class action should consider whether they
should participate in the class action or file an individual securities
arbitration claim in the arbitration forum established by the Financial
Industry Regulatory Authority ("FINRA").
K&T reminds eligible class members of the benefits of filing an individual
securities arbitration claim against UBS, as opposed to participating in the
class action lawsuit. By participating in the class action lawsuit, investors
will most likely recover a nominal amount. As a result, it may be more
beneficial to file a securities arbitration claim to recover losses sustained
in Lehman Notes. In 2003, K&T 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:
The class action alleges that UBS violated federal securities laws by selling
structured products to its customers, despite the fact that it was aware that
Lehman's ability to meet these obligations was called into question because of
its deteriorating financial condition. Further, it is alleged that UBS'
offering materials for the so called "principal protection notes" was false
and misleading in that it failed to adequately disclose that "principal
protection" was contingent on the solvency of Lehman.
The attorneys at Klayman & Toskes are dedicated to aggressively pursuing
claims on behalf of Lehman Note investors who have suffered substantial
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 purchased Lehman Principal
Protection Notes from UBS, 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 www.lehmanprincipalprotectionnotes.com.
CONTACT: Steven D. Toskes, Esquire
Jahan K. Manasseh, Esquire
Klayman & Toskes, P.A.
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