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The Securities Arbitration Law Firm of Klayman & Toskes Files $300,000 Claim Against Morgan Stanley on Behalf of a UPS Employee as it Continues to Investigate Claims on Behalf of Current and Former UPS Employees -- UPS

NEW YORK, Sept. 17, 2013 (GLOBE NEWSWIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes ("K&T"), www.nasd-law.com, announced today that it filed a $300,000 securities arbitration claim against Morgan Stanley on behalf of a UPS (NYSE:UPS) employee for losses sustained as a result of maintaining a concentrated, leveraged position in UPS stock. The suit was filed with FINRA's arbitration department.

According to the Claim, the Claimant worked for the company for over 36 years and accumulated shares of the company through UPS' Employee Stock Purchase Plan and Managers Incentive Program. The Claimant held the stock at Morgan Stanley where it was used as collateral for a hypothecation ("hypo") loan. Unfortunately, Morgan Stanley failed to recommend risk management strategies for the concentrated, leveraged UPS stock position. By failing to protect the concentrated position and/or recommend risk management strategies, and with the hypo loan balance increasing, the Claimant eventually received margin calls which triggered the sale of shares of UPS stock. This case is about the unsuitable investment strategy and failure of Morgan Stanley to recommend risk management strategies to protect the Claimant's life savings.

The sole purpose of this release is to investigate, on behalf of our clients, the sales practices of Morgan Stanley in connection with the handling of concentrated, leveraged stock portfolios for UPS employees. Current and former UPS employees who held accounts with Morgan Stanley and have information relating to the manner in which the firm handled their concentrated, leveraged portfolios, are encouraged to contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956, or visit us on the web at www.nasd-law.com.

Source:Klayman & Toskes P.A.