Investors in Lehman Brothers structured notes recently received a notice concerning potential distributions from the Lehman Brothers bankruptcy. These investors include those who bought so-called "100% Principal Protection" Notes. Investors must vote on the distribution plan by November 4, 2011. Investors affected by this notice include those who lost money as a result of UBS sales of Principal Protection Notes.
Under the proposed plan, Lehman Brothers investors are expected to receive approximately 21¢ on the dollar from the bankruptcy proceeding. Such a payment would leave Lehman note investors with a loss of 80% of their principal.
Importantly, a distribution from the Lehman Brothers bankruptcy would not eliminate investors' rights to pursue the recovery of the remaining 80% of their losses. The procedure for attempting to recover those losses is to file a FINRA arbitration claim against the brokerage firm that recommended and sold the Lehman notes, including UBS Financial Services, Inc.
Many investors already have filed FINRA arbitration claims against UBS to recover their Lehman note losses. Most of those cases have resulted in a significant recovery of money by the investors.
In light of the repeated findings that UBS misled investors, it is time for Lehman note investors to take action. Investors only have a limited amount of time to file a claim. If that time expires, investors who fail to file a timely claim could be prohibited from pursuing a claim for their losses.
If UBS or any other brokerage firm or bank recommended and sold you a Lehman Brothers structured product, including "principal protection," "step-up callable," "return optimization," "partial protection," or "absolute return barrier" notes, you should contact a securities arbitration lawyer.
Please contact the law firm of Dimond Kaplan & Rothstein, P.A. to discuss your claims to recover your Lehman note investment losses. We represent a number of UBS customers in the United States and Central and South America who lost money in Lehman Brothers principal protection notes and other Lehman Brothers securities. Please contact attorney Jeffrey Kaplan at (888) 578-6255 or email@example.com for a free case evaluation. You also may visit the firm on the web at www.dkrpa.com or www.investmentfraud-lawyer.com.