SAN FRANCISCO, Sept. 8, 2005 (PRIMEZONE) -- The securities arbitration law firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com) continues to pursue securities arbitration claims on behalf of Cisco (Nasdaq:CSCO) shareholders and employees who have sustained damages from holding margined, concentrated portfolios in Cisco stock. One such claim before the New York Stock Exchange, Case No. 2005-016062, seeks compensatory damages of $1,768,571.
The sole purpose of this release is to investigate, on behalf of our clients, violations of licensed brokers at various major brokerage firms which resulted in losses. The firm is pursuing arbitration suits for securities violations including, the unsuitable use of margin, the failure to recommend hedging and risk management strategies, failure to supervise, misrepresentations and material omissions of fact. We would greatly appreciate any information from Cisco shareholders and employees concerning the method or process used by major brokerage firms with regard to the handling of their accounts.
K&T, a nationally known securities arbitration law firm, presently represents numerous investors throughout the country who have claims against major Wall Street brokerage firms with regard to Cisco Systems. If you wish to discuss this announcement, or have information relevant to our securities arbitration claims, please contact Lawrence L. Klayman, Esquire of Klayman & Toskes, P.A., 888-997-9956 or visit us on the web at http://www.nasd-law.com.