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New York, New York: Zamansky LLC announces that it is investigating investor losses from oil, gas and energy stocks, master limited partnerships (“MLPs”) and funds, including those listed below. Over the last year, these investments have fallen 50% and more, and many are cutting their distributions to investors so that […]
Puerto Rico had a $350 million bond payment due yesterday. Miraculously, Governor Alejandro Garcia Padilla managed to pull a rabbit out of his hat. The Governor is going to “clawback” or default on some debt “in an effort to attempt to repay bonds issued with the full faith and credit […]
The law firm is investigating investor claims to recover losses against Cantone Research Inc. for fraud relating to sales of “certificates of participation” in five promissory notes issued by nursing homes and assisted living facilities controlled by Christopher Brogdon. Investors in these certificates of participation have reportedly suffered $6 million […]
The financial crisis in Puerto Rico is coming to a head, as regular readers of this blog know. Time is running out for Puerto Rico. Its Government Development Bank, or GDB, faces a $354 million principal and interest payment at the start of December. It appears it won’t be able […]
If you are an investor with losses in Puerto Rico bonds or UBS Puerto Rico bond funds, you should attend our orientation on the status of cases from two of the leading lawyers who are handling these cases. They will describe and discuss our victory in the leading UBS Puerto […]
Even though the situation is dire in Puerto Rico and time is running out, we have yet to hear from our Congress. A default on its debt will throw Puerto Rico’s government and people, along with the $3.7 trillion municipal bond market, into turmoil. One of Puerto Rico’s chief restructuring […]
The Puerto Rico government is struggling to avoid defaulting on its debts. The next two months are critical for Puerto Rico’s fiscal future; they are also critical for Mom and Pop investors who bought Puerto Rico-backed bonds and bond funds from brokers at UBS and other banks. Puerto Rico is […]
When Wall Street lures Main Street into investing in the risky stuff known as “structured products,” things don’t always end well for the customer. Last week’s $19.5 million settlement between investment bank UBS (UBS) and securities regulators is just the latest example of why Mom and Pop have no business […]
September 2015 has been a busy year for the Securities and Exchange Commission (SEC). The SEC regularly publishes information about its enforcement activities on its website, and through the first two weeks of September we have already seen almost as many notices as we saw in all of August. Here, […]
The sky is falling in Puerto Rico. For the first time, the Government Development Bank debt, purportedly “guaranteed” by the government, is in danger of default. It is likely the GDB’s $354 million debt payment due on December 1 will be missed — a first even for a shaky borrower […]