FORT LAUDERDALE, Fla., Aug. 16, 2010 (GLOBE NEWSWIRE) -- The David R. Chase, P.A. Law Firm, headed by former SEC Prosecutor David R. Chase, announces that it is continuing its investigation into claims for investor losses in Lehman Brothers Principal Protected Notes.
The Firm continues to investigate whether broker-dealers, including UBS, adequately and accurately disclosed the true risks and nature of these Principal Protected Notes to conservative, risk-averse investors, including the elderly, who sought income and safety of principal, and whether the notes were misrepresented as guaranteeing the safety of principal, i.e., no risk to principal.
Last month it was reported that the Securities and Exchange Commission has requested information from several financial firms concerning their marketing of principal protected notes, after investors have claimed losses of more than $1 billion as a result of the collapse of Lehman Brothers Holdings, Inc.
The Financial Industry Regulatory Authority (FINRA) has voiced its concerns on the marketing of the principal protected notes as well, issuing a notice to members reminding member firms of their sales practice obligations when selling PPNs to the investing public.
The law firm is currently representing several family members in a claim alleging misrepresentation and unsuitability involving the sale of a Lehman Brothers Principal Protected Note.
The David R. Chase, P.A. Law Firm, based in Fort Lauderdale, Florida, represents investors nationwide in cases against the major Wall Street Firms. The Firm's principal, David R. Chase, has been practicing for over 17 years, is AV-Rated by Martindale-Hubbell -- its highest competence and ethics rating -- and previously served as a securities prosecutor for the Federal Government. More about the firm is available on its website at: www.davidchaselaw.com.
If you or a family member suffered losses in Lehman Principal Protected Notes, or a similar structured product, and wish to discuss your legal rights, or you have information about this particular matter, please contact:
| David R. Chase, Esq. |
| Law Office of David R. Chase, P.A. |
| 1700 East Las Olas Boulevard |
| Suite 305 |
| Fort Lauderdale, FL 33301 |
| 888-337-8625 (Toll Free) |
| 954-920-7779 |
| Email: david@davidchaselaw.com |