The nationwide investor advocacy work of Naples-based law firm Vernon Litigation Group has been recognized by Forbes magazine. Vernon Litigation Group’s investigation of Lehman Brothers principal protected notes recently garnered attention from Forbes.
Vernon Litigation Group represents clients with more than $12 million in claims against UBS, the firm that primarily sold Lehman Brothers principal protected notes. Conservative investors, many of them retirees, were fraudulently sold so-called “principal protected notes,” and told that their investments were 100 percent principal protected, according to claims filed by Vernon Litigation Group.
“Tragically, these investors lost virtually all of their money when Lehman Brothers declared bankruptcy in 2008,” said Chris Vernon, the founder of Vernon Litigation Group. AARP’s national magazine also previously featured the work done by Vernon Litigation Group on behalf of Lehman note investors in 2011.
The Vernon Litigation Group law firm has active claims on behalf of Lehman principal protected note investors set for arbitration hearings before the Financial Industry Regulatory Authority in coming weeks.
“UBS fraudulently misrepresented Lehman principal protected notes not only to its brokerage firm clients but also to some of its own financial advisors,” according to a $300,000 claim filed by Vernon Litigation Group this month on behalf of a Texas couple.
Vernon Litigation Group represents companies and individuals in financial and business litigation as well as investors who are victims of securities fraud and stock losses due to misconduct and negligence. The firm’s investigations have delved into myriad financial products and practices, including structured products such as principal protected notes and reverse convertibles, hedge funds, funds of funds, non-traded REITs, TICs, preferred stock, private equity investments, tax shelters, Ponzi schemes, ETFS, annuities and other insurance products.
Chris Vernon was named by his peers Best Lawyers’ 2012 Bet-the-Company Litigation Lawyer of the Year for the Naples and Ft. Myers Region after being repeatedly named among the Best Lawyers in commercial litigation and securities / capital markets law.
Susan Healy was named the Collier County Women’s Bar Association’s 2011 Woman Lawyer of the Year for her career representing investors harmed by Wall Street misdeeds and for her efforts to advance the position of women in general as well as in the legal profession.
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Contact Chris Vernon
Vernon Litigation Group, attorneys at law