NEW YORK, Feb. 7, 2012 (GLOBE NEWSWIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com) announced today that it is investigating the sales of Biltmore CDO 2007-1 by Merrill Lynch to its high net worth and institutional customers. Merrill Lynch underwrote the Biltmore CDO deal in 2007. By the summer of 2008, of the 30 CDOs Merrill Lynch underwrote in 2007, every one either had its best-rated portion cut to junk, was in technical default, was being liquidated, or was in danger of being liquidated. K&T believes that this poor performance shows that Merrill Lynch knew or should have known the CDO deals completed in 2007 were bad given the then-existing mortgage market conditions.
K&T is investigating how Merrill Lynch marketed and sold Biltmore CDO 2007, and whether it properly disclosed the risks of this CDO to investors. Moreover, K&T is looking into whether Merrill Lynch over-stated and inflated the value of Biltmore CDO 2007. K&T has already filed numerous arbitration claims on behalf of investors who lost millions of dollars in the CDO market.
Investors who purchased Biltmore CDO 2007 from Merrill Lynch can contact K&T to explore their legal rights and options. The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered significant investment losses. K&T, 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 purchased Biltmore CDO 2007-1 from Merrill Lynch, please contact Steven D. Toskes or Jahan K. Manasseh of Klayman & Toskes, P.A., at 888-997-9956. You may also visit us on the web at http://www.nasd-law.com