Category: Blog

SEC Warns Investors of the Dangers of Structured Products

Almost three years after the historic bankruptcy of Lehman Brothers, the Securities and Exchange Commission shows concerns that investors continue to be unaware of the potential risks of investing in structured products. Just last month, the SEC issued a notice reminding investors to carefully review the terms, risks, fees, and other not-so-apparent disclosures before deciding whether to invest in structured products. Structured products in general continue to be marketed as safe investments […]

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Vernon Litigation Group files an additional $1.1 million in Lehman note claims against UBS

May 19, 2011 / Blog , Tags:

Naples, Florida — Nationwide investor advocacy law firm Vernon Litigation Group filed $1.1 million in securities fraud claims today against UBS for misconduct involving sales of Lehman structured products that promised investors “principal protection” but left them with virtually worthless investments. In the past week, Vernon Litigation Group has filed more than $2 million in claims against UBS on behalf of investor victims from Tennessee, Texas, Maryland, Pennsylvania, Missouri and  […]

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Vernon Litigation Group and the Carrigan law firm file $1 million in securities fraud claims against UBS for Lehman principal protected note conduct in Texas state court

May 18, 2011 / Blog , Tags: , ,

Houston, Texas — Attorneys for investors have filed $1 million in securities fraud charges in Texas state court against UBS in an effort to force UBS to answer for its Lehman principal protected note sales in a public court case versus private industry-sponsored arbitration. Trial lawyer Stephen Carrigan, who has hired nationwide investor protection law firm Vernon Litigation Group as co-counsel, is pursuing two lawsuits in Texas state court where […]

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Vernon Litigation Group: FINRA fine of UBS for Lehman notes deception is woefully weak

Apr 11, 2011 / Blog , Tags: , ,

The investor advocacy law firm of Vernon Litigation Group, which represents Lehman principal protected notes investors around the nation, called the $2.5 million fine issued against UBS today by Wall Street’s self regulatory organization a disturbingly small amount. FINRA, the Financial Industry regulatory Authority, fined UBS $2.5 million and ordered that the brokerage firm pay $8.25 million in restitution to UBS clients who purchased Lehman principal protected notes. “I’m disturbed by […]

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