NEW YORK, Sept. 26, 2013 (GLOBE NEWSWIRE) -- The Securities Arbitration Law Firm of Klayman & Toskes, P.A. ("K&T") (www.lehmanprincipalprotectionnotes.com), representing numerous aggrieved investors throughout the nation, advises all current and former UBS Financial Services (NYSE:UBS) ("UBS") customers who are class members in the securities class action lawsuit filed against UBS, Case No. 09-md-02017, which involves losses sustained in certain Lehman Principal Protection Notes ("Lehman Notes"), that the U.S. District Court recently approved an Order Concerning Proposed Settlement with UBS. The Order provides that a request for exclusion from the settlement class must be postmarked no later than November 19, 2013, which is 21 calendar days prior to the Court ordered Settlement Hearing of December 10, 2013. UBS customers who are eligible to participate in the class action settlement should consider whether they should participate in the class action or file an individual securities arbitration claim in the arbitration forum established by the Financial Industry Regulatory Authority ("FINRA").
Presently, K&T represents investors who purchased Lehman Notes from UBS in securities arbitration claims before FINRA. These investors chose to pursue their claims individually rather than participate in the class action because they suffered large losses. K&T reminds investors of the benefits of filing an individual securities arbitration claim, as opposed to participating in a class action lawsuit. By participating in a class action lawsuit, an investor may only recover a nominal amount. However, if one has experienced significant losses in excess of $100,000 in Lehman Notes, it may be more beneficial for them to file an individual securities arbitration claim. In 2003, K&T conducted a detailed study of securities arbitration versus class action. The study concluded that investors who file a securities arbitration claim traditionally obtain an overall higher rate of recovery as opposed to participating in a class action lawsuit. To view the full results of the comparison, please visit our web-site: http://www.nasd-law.com/documents/classvr.pdf.
Investors who purchased Lehman Notes from UBS and sustained significant losses in excess of $100,000 can contact K&T to explore their legal rights and options. The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered investment losses. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
If you wish to discuss this announcement or have investment losses of $100,000 or more in Lehman Notes, please 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.lehmanprincipalprotectionnotes.com.
CONTACT: Steven D. Toskes, Esquire Jahan K. Manasseh, Esquire Klayman & Toskes, P.A. 888-997-9956 www.lehmanprincipalprotectionnotes.comSource:Klayman & Toskes P.A.