The securities law firm of David R. Chase, P.A. (the "Firm"), headed by former SEC Prosecutor David R. Chase, is currently investigating claims on behalf of investors relating to Lehman Brothers principal protected notes, commonly known as "structured notes", as well as the brokerage firm's preferred and common stock.
Lehman's structured notes, a derivative product, were designed to provide the safety of a bond and the rate of return like that of an equity investment. Many investors were apparently unaware, however, that these notes were tied to other risky assets, and that the revenues from the sale of these products was being used by Lehman Brothers itself to prop-up its struggling business operations prior to its bankruptcy.
These principal protected notes were touted to investors seeking a safe and conservative haven for their monies. Several broker-dealers recommended these purportedly "risk-free" products to risk-adverse clients, including retirees and the elderly. In certain cases, these products were sold just before Lehman's bankruptcy filing. As is now painfully clear, the "100 percent principal protection" guarantee was illusory as it became essentially worthless when Lehman declared bankruptcy.
The Firm is also investigating investor claims for losses resulting from broker's recommendations of Lehman preferred and common stock made within the last few months prior to Lehman's bankruptcy filing on September 15, 2008. It is also looking at potential claims by investors who were over-concentrated in Lehman securities or that of any other financial institution.
If you have suffered losses in Lehman's principal protected notes, or its preferred or common stock, call now for a free and confidential case evaluation.
