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Lehman Brothers “100 Percent Principal Protected Notes”

Zamansky LLC continues to file claims on behalf of investors of so-called “100 Percent Principal Protected Notes,” which were issued by Lehman Brothers.  Investors were improperly sold 100 Percent Principal Protected Notes by brokers at major Wall Street firms including UBS, which sold as much as $1 billion worth of the product.  As the name clearly suggests, Principal Protected Notes were marketed as “risk free” investments geared towards retirement accounts, but were rendered nearly worthless after Lehman Brothers collapsed in 2008.

Zamansky LLC secured the first arbitration award relating to UBS’s sale of Lehman-issued 100 Percent Principal Protected Notes in December on behalf of an investor in South Carolina. In addition to ordering UBS to reimburse the investor for most of her losses, the arbitration panel also required UBS to pay interest, plus all related expenses, including attorneys’ fees. The implications of this case are far reaching and it could be a bellwether for cases moving forward not only against UBS but also against other Wall Street firms that improperly sold structured products.

Regulators including FINRA have launched investigations into how these products were sold and whether UBS and other brokerages failed to fully disclose the risks of these investment products.

If you suffered losses stemming from Lehman Brothers, contact Zamansky LLC. We offer free consultations and ensure confidentiality.

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“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
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