When brokers began selling Lehman Brothers notes as "100 percent principal protected," investors, including many elderly and retired individuals, believed they were making conservative investments. However, this was not the case. The notes were only as good as Lehman Brothers Holdings, Inc., which declared bankruptcy in 2008.
Handling Lehman Brothers Principal Protection Notes Lawsuits
If you invested in a Lehman Brothers principal protection notes (PPN), you may be able to hold your brokerage firm accountable for your loss. Contact The Law Firm of David R. Chase, P.A., online or call 866-457-2847 to speak with a highly skilled stock broker fraud attorney during a free initial consultation.
Offering Strong Advocacy and Legal Counsel to Help Investors Recover
For more than two decades, the principal of The Law Firm of David R. Chase, P.A., in Fort Lauderdale, Florida, has focused exclusively on representing victims of securities fraud nationwide. Our firm's founding attorney, David R. Chase, provides strong advocacy and legal counsel to investors who purchased Lehman Brothers Principal Protection Notes or other Lehman Structured Notes that were heavily marketed under false pretenses by several Wall Street brokerage firms, including UBS.
We aggressively hold brokerage firms accountable for failing to warn investors about the risks of the investment products sold. When you select our law firm, you can feel confident that we know how to help you navigate through this highly complex area of the law.
Attorney David R. Chase has more than 18 years of experience practicing in securities law. He served as Senior Counsel in the Enforcement Division of the Securities and Exchange Commission (SEC) and as Special Assistant Attorney in the Economic Crimes Division of the United States Attorney's Office in the Southern District of Florida.
Individual Claims vs. Lehman Brothers Class Actions
Although class actions have been filed against certain brokers that sold Lehman principal protection notes, those who suffered substantial losses may be in a better position to recover their investments through an individual arbitration claim with the Financial Industry Regulatory Authority (FINRA). Unlike a class action, a FINRA arbitration claim allows you to:
- Choose your own counsel (only the lead plaintiff has this right in a class action)
- Have your unique facts presented to an arbitration panel
- Control the decision whether to settle your case and for how much
- Generally secure a result within approximately 12 months, as opposed to potentially years with a class action
Because securities brokerage firms include arbitration clauses in their customer agreements, you have probably already waived your right to a court trial. At The Law Firm of David R. Chase, P.A., we have extensive experience handling a wide range of securities law cases in FINRA arbitration.
Lehman Structured Product Lawyer Offering Legal Services Nationwide
Located in Fort Lauderdale, Florida, we represent investors, nationwide and globally, who have suffered serious investment losses from stock broker fraud or investment advisor mismanagement. Contact our law firm today to schedule a free initial consultation with a highly skilled stock fraud law attorney.