Category: Blog

Vernon Litigation Group Claim: UBS Used Bait and Switch While Selling Ohio Business Owner Lehman Notes

Jan 19, 2012 / Blog

Naples, Fla. – UBS fraudulently misrepresented the investment products it was selling to an Ohio business owner, leading him to believe he was buying principal protected notes backed by UBS when in fact he was sold Lehman notes that were backed by the then financially struggling Lehman Brothers, a claim filed today by securities attorneys at Vernon Litigation Group states. The Ohio investor made numerous purchases for principal protected products […]

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Investors harmed by the Lehman Brothers bankruptcy get mixed messages this week

The Lehman Brothers bankruptcy that shook the financial world in 2008 still has investors who lost billions in the collapse wondering when they will begin to recoup their losses. Two decisions this week – one by a judge and the other by the Lehman Estate – did little to bring clarity to the situation or hope that investors will see a significant portion of their money anytime soon, say securities attorneys at Vernon […]

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UBS fraudulently hawked Lehman principal protected notes to clients,Vernon Litigation Group investor claim states

Naples, Fla. — UBS fraudulently misrepresented Lehman principal protected notes in a heavy sales push to its brokerage firm clients at a time when it was systematically shedding its own Lehman debt behind the scenes in advance of the Lehman Brothers bankruptcy, according to a claim filed today by the nationwide investor advocacy law firm Vernon Litigation Group. Holders of Lehman notes have been left standing at the back of […]

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How do you know if you have a Reverse Convertible note – and why you should be concerned

Sep 8, 2011 / Blog , Tags:

Brokerage firms use a myriad of complex terms to describe the reverse convertible notes being hawked to retail investors. For example, UBS sells reverse convertibles under the name Yield Optimization Notes. Other firms that sell very similar products, use very different terms. As a result, some investors are not aware that the structured note that they own is a reverse convertible note. Unfortunately, regardless of the fancy name provided to […]

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