NEW YORK, Nov. 3, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, P.A., www.nasd-law.com, announced today that it is investigating claims on behalf of investors who purchased Lehman Brothers structured products including Lehman Brothers Principal Protected Notes ("Lehman Principal Protected Notes") from UBS (NYSE:UBS). Also referred to as guaranteed linked notes, Lehman Principal Protected Notes were "structured products" that combined fixed income investments with derivatives. What resulted was a product that supposedly provided the protection of fixed income, with the upside of the stock market.
UBS customers have complained that they were misled into believing that these Lehman Principal Protected Notes were safe and secure investments, and that their principal was fully protected. In reality, however, investors of Lehman Principal Protected Notes were subject to a significant amount of risk. Lehman was not investing the money received from the principal notes, but instead they were using it to fund their operations in the face of mounting losses stemming from the collapse of the subprime markets. Further, Lehman defaulted on many of these protected notes several months ago and they have not traded since. With the bankruptcy of Lehman Brothers, the protected notes are worthless.
The attorneys at the Law Firm of Klayman & Toskes are dedicated to aggressively pursuing claims on behalf of investors who have suffered significant 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 have information relevant to our investigation, 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.