Tag: Municipal Bonds

States’ financial stress may put pressure on municipal bonds

At Vernon Litigation, we are concerned that States in distress – such as California – will push their problems down to the local level, which will in turn put tremendous stress on municipal bonds issued by municipalities within those states. If California’s current effort to convince its constituency to accept a tax hike to help the state get out from underneath a $15.7 billion deficit fails, then the next steps […]

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Vernon Litigation Group files multimillion dollar investor claim against Citi Smith Barney relating to municipal bonds and preferred stocks

Naples, Fla. — The Vernon Litigation Group law firm filed a claim against Citi Smith Barney today on behalf of a Naples couple who suffered millions in losses following their stockbroker’s  trades in the couple’s account without their permission and inappropriate investing activity in municipal bonds and preferred stocks.  Read More…

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