888-923-9223The Securities Law Firm of Menzer & Hill, P.A. represents multiple investors who purchased Lehman Brothers principal protected notes (“Notes”). Multiple Broker Dealers sold the Notes, In particular, UBS, was negligent and engaged in gross misconduct by misrepresenting and omitting material facts regarding the Notes.
UBS marketed the Notes as safe, secure, investments without informing the purchasers of the true risks associated with the Notes, including the fact that the Notes were tied to the credit worthiness of the guarantor, Lehman Brothers. Furthermore, based on the examiner’s report of the Lehman Brothers bankruptcy, UBS engaged in short term lending transactions with Lehman Brothers known as Repo 105 transactions on a fully collaterized basis, while its trading force continued to solicit purchases of the Notes which contained 100% risk. When Lehman Brothers filed for bankruptcy, the values of the Notes became essentially worthless.