NEW YORK, Nov. 30, 2011 (GLOBE NEWSWIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T") announced today that it launched a website, www.lehmanprincipalprotectionnotes.com, on behalf of investors who sustained losses in Lehman Brothers 100% Principal Protection Notes and other Lehman structured products, including Lehman Return Optimization Notes and Lehman Auto-Call Notes. The Principal Protection Notes are commonly referred to as "Principal Protected Notes." The site is designed to provide Lehman Note holders with information concerning their recovery options. K&T is continuing to pursue securities arbitration claims against UBS Financial Services (NYSE:UBS) with the Financial Industry Regulatory Authority's ("FINRA") Office of Dispute Resolution, on behalf of investors who sustained losses in Lehman Brothers 100% Principal Protection Notes and other Lehman structured products. Almost $1 billion of Lehman Notes were sold by UBS.
Many Lehman Note holders have filed claims in the Lehman bankruptcy proceeding and are hoping to recover their losses in the Notes through that process instead of filing an individual securities arbitration claim. However, it appears that based on the proposed Third Amended Joint Chapter 11 Plan of Lehman Brothers, investors will only receive about 21 cents for every dollar invested in Lehman Notes. Accordingly, investors should avail themselves of all remedies in attempting to recover their losses, including filing a securities arbitration claim. Further, investors should determine if they have to contend with any statute of limitations issues.
Additionally, while a class action lawsuit has been filed relating to the Lehman Notes, K&T reminds investors of the benefits of filing an individual arbitration claim, as opposed to participating in a class action lawsuit. By participating in a class action lawsuit, an investor may only recover a nominal amount. However, if one has experienced significant investment losses, it may be more beneficial for them to file an individual securities arbitration claim. In 2003, Klayman & Toskes conducted a detailed study of securities arbitration versus class action. The study concluded that investors who file a securities arbitration claim traditionally obtain an overall higher rate of recovery as opposed to participating in a class action lawsuit. To view the full results of the comparison, please visit our web-site: http://www.nasd-law.com/documents/classvr.pdf
If you wish to discuss this announcement or have investment losses of $100,000 or more in Lehman Principal Protection Notes or other structured products, 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 www.lehmanprincipalprotectionnotes.com