NEW YORK, Jan. 7, 2008 (PRIME NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com) announced today that it is investigating the possibility of taking legal action on behalf of investors who lost money in a collateralized debt obligation ("CDO") called Norma CDO I Ltd. ("Norma"). Norma, brought into existence by Merrill Lynch, bet heavily on the success of the sub-prime market. Just nine months after it sold about $1.5 billion in securities to its investors, the value of Norma has been decimated in the collapse of the housing market and is reported to be worth only a fraction of its original value.
Presently, K&T is investigating how Merrill Lynch and others marketed Norma, and whether the true risks of Norma were fully disclosed to its investors. Further, the law firm is looking into whether Norma was suitable for the retail and institutional customers that invested in the product. If you are an investor in Norma, or if you have information relevant to our investigation, please contact Lawrence L. Klayman, Esquire of Klayman & Toskes, P.A., at 888-997-9956. You may also visit us on the web at http://www.nasd-law.com.
K&T, a nationally recognized securities litigation law firm, continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms for securities violations including fraud, misuse of margin, failure to supervise, unsuitability, misrepresentation and omission of material fact.