The Securities Arbitration Law Firm of Klayman & Toskes Files $750,000 Claim Against Merrill Lynch on Behalf of a UPS Employee

  The Securities Arbitration Law Firm of Klayman & Toskes Files $750,000 Claim
  Against Merrill Lynch on Behalf of a UPS Employee As It Continues To
  Investigate Claims on Behalf of Current and Former UPS Employees

Business Wire

NEW YORK -- June 26, 2013

The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”),
www.nasd-law.com, announced today that it filed a securities arbitration claim
against Merrill Lynch on behalf of a UPS (NYSE: UPS) employee for losses
sustained as a result of maintaining a concentrated, leveraged position in UPS
stock. The claim seeks damages of $750,000. The suit was filed with the
Financial Industry Regulatory Authority’s (“FINRA”) Office of Dispute
Resolution.

According to the Claim, the Claimant worked over 36 years with UPS and
accumulated shares of the company through UPS’ Employee Stock Purchase Plan
and Managers Incentive Program. In addition to acquiring company stock, the
Claimant opened a Hypothecation Loan whereby the UPS stock served as
collateral. The Claimant’s UPS stock was held at Merrill Lynch which offered
him the line of credit. While Merrill Lynch loaned the Claimant money whereby
his UPS stock served as collateral against the loan, Merrill Lynch failed to
recommend a collar as a risk management strategy for the concentrated position
in UPS stock. Merrill Lynch and its financial advisors facilitated the
unsuitable investment strategy of borrowing against a concentrated stock
position without a collar in place. By failing to protect the concentrated
position and/or recommend risk management strategies, the Claimant received
collateral calls which triggered the sale of shares of UPS stock.

The attorneys at K&T are dedicated to pursuing claims on behalf of investors
who have suffered substantial investment losses. K&T, 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 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.
Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire, 888-997-9956
 
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