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The Securities Arbitration Law Firm of Klayman & Toskes Commences Investigation Into Damages Sustained by Investors Who Held

  The Securities Arbitration Law Firm of Klayman & Toskes Commences
  Investigation Into Damages Sustained by Investors Who Held Large, Unhedged
  Concentrated Positions in Pengrowth Energy Corp. Stock

Business Wire

NEW YORK -- September 26, 2013

The Securities Arbitration Law Firm of Klayman & Toskes, P.A. (“K&T”),
www.nasd-law.com, announced today that it is investigating the damages
sustained by investors who held large, unhedged concentrated positions in
Pengrowth Energy Corp. stock (NYSE:PGH) (“Pengrowth”). Since trading around
$14.50 per share in April 2011, the price of Pengrowth stock has dropped about
60% and is currently trading at $5.91 per share. As a result of this decline,
Pengrowth shareholders who held large concentrated stock positions in
Pengrowth have sustained substantial losses.

Investment portfolios holding large concentrated stock positions carry
significant downside risks. In some cases, investors holding these positions
are unable or unwilling to sell due to adverse tax consequences, company or
regulatory restrictions or corporate culture. Full service brokerage firms
whose customers hold large concentrated stock positions have a duty to ensure
that their customers understand the risks associated with concentration, and
to disclose and recommend the availability of risk management strategies which
can be used to protect the value of the concentrated portfolio. Such risk
management strategies include stop loss and limit orders, protective puts and
collars. Stop loss orders, limit orders and protective puts provide an account
with downside protection and an exit strategy should the stock decline in
value. A hedge strategy, known as a “zero cost” collar, creates a range of
value that the portfolio maintains irrespective of the fluctuation and
direction of the underlying stock price. The failure to use risk management
strategies as well as the failure to “hedge” the value of a concentrated
portfolio directly exposes an investor’s concentrated position to the
fluctuations in the volatile securities markets.

K&T, an experienced, qualified and nationally recognized securities litigation
law firm, practices exclusively in the field of securities arbitration and
litigation on a national scale. If you have information relating to this
investigation, please contact Steven D. Toskes or Jahan K. Manasseh 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 or Jahan K. Manasseh, 888-997-9956
 
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