Sonn & Erez Investigating Lehman Principal Protected Notes Claims


FORT LAUDERDALE, Fla., Nov. 6, 2008 (GLOBE NEWSWIRE) -- The securities law firm of Sonn & Erez PLC (http://www.sonnerez.com) announces that it is investigating Financial Industry Regulatory Authority ("FINRA") securities arbitration claims to recover investment losses sustained in Lehman Brothers structured products, namely so-called "principal protected notes." Principal protected notes are believed to have been marketed to conservative, risk-averse investors who were seeking to preserve their capital and generate income as well as share in the growth of the general market. Contrary to a Lehman Brothers brochure that essentially represented that principal protected note investors would enjoy both "100 percent principal protection" and "uncapped appreciation potential," Sonn & Erez believes the notes actually subjected investors to far more risk than they were led to believe. Holders of the Lehman principal protected notes will have to wait in line in Lehman's bankruptcy with other unsecured creditors to recover what is left of their money, unless they choose to bring claims against those who sold the notes. Specifically, Sonn & Erez believes that many brokerage firms, including UBS, Merrill Lynch, JP Morgan, Fidelity, and Wachovia, marketed and sold the Lehman Brothers principal protected notes to their own clients. Lehman's structured products included Suns (Stock Upside Note Securities) and Prudents (Prudential Research Universe Diversified Equity Notes). Other brokerage firms also sold their own structured products and principal protected notes, such as Mitts (Merrill's Market Index Target-Term Securities), Sequins (Citigroup's Select Equity Indexed Notes), and Propels (Morgan Stanley's Protected Performance Equity Linked Securities). In total, nearly $70 billion in structured notes were sold to investors last year alone. Sonn & Erez is an AV-Rated law firm that represents investors nationwide in stockbroker misconduct and investment fraud cases. The firm has represented investors against most major Wall Street brokerage firms in claims involving stocks, bonds, options, auction rate securities, mutual funds, hedge funds, and other structured products. If you lost money in a Lehman Brothers structured note or principal protected note or structured products issued by another brokerage firm, please contact Jeffrey Sonn, Esq. or Jeff Erez at 1-866-372-8311 for a free evaluation. You also may visit the firm on the web at www.sonnerez.com.



            

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