It’s close to two years since the collapse of Lehman Brothers on Sept.
15 that touched off the financial meltdown that plunged economies around
the world into the Great Recession.
Our firm is assisting investors who are seeking accountability from the perpetrators of the “Great Deception.”
Vernon Healy currently represents investors with close to $10 million in
Lehman “principal protected notes” , reverse convertibles related to
Lehman, and other structured products. Brokerage firm UBS sold the
principal protected notes as a safe investment. Many investors,
including many retirees, were told their Lehman investment was 100
percent “principal protected.”
The disclosure that the
SEC investigation of Lehman’s so-called “Repo 105” and “Archstone”
deals are heating up is welcome news. Among other things, the “Repo
105” deals allowed Lehman to conceal as much as $50 billion in debt from
its balance sheet.
Our firm has done substantial research as part of our Repo 105 investigation and Archstone investigation on behalf of investors.
What’s been lost in the coverage of the SEC investigation so far is the fact
that UBS, as a counterparty to these Repo 105 deals, knew about the
financial problems in play with Lehman. However, UBS continued to push
these supposedly safe, “principal protected” and other Lehman
structured products on their own clients, even as they saw behind the
scenes just how precarious Lehman’s financial solvency had become.
For more information, contact Vernon Litigation Group at (239) 649-5390.