Did you invest in Lehman Brothers preferred stock?
On September 15, 2008, Lehman Brothers filed for Chapter 11 bankruptcy protection and is the largest bankruptcy in U.S. history. Brokerage firms such as Wachovia Securities n/k/a Wells Fargo Securities , Morgan Stanley, UBS, Smith Barney, Merrill Lynch, Banc of America and others were actively selling Lehman Brothers preferred shares in public offerings and in the aftermarket to their customers. Financial Advisors with these and other firms routinely touted Lehman Brothers as a sound financial firm and concealed from their clients the firm's dire financial condition. Investors in Lehman Brothers preferred shares were often not told about the true financial condition of the company and the extreme risks associated with its preferred shares. Sonn | Erez believes that brokerage firms that misrepresented the level of risk involved in investing in Lehman Brothers preferred shares are liable for investors' losses.
If you believe that you have been misled as to the risk of investing in Lehman Brothers preferred stock and wish to learn more about our investigation and current cases, please call us at toll free at 1-866-372-8311 or fill out the "contact us" forms.
