Did UBS, Bank Hapoalim or other brokerage firms/banks sell you Lehman Brothers Principal Protected Notes?
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 UBS and banks such as Bank Hapoalim sold its customers Principal Protected Notes and Partially Protected Principal Protected Notes to its customers. These notes were often linked to an index or stock and were supposed to provide either complete or partial protection of principal regardless of the performance of the underlying nvestment. Financial advisors who sold these investments most often failed to advise their customers that if Lehman Brothers failed then they would become unsecured creditors of Lehman Brothers. In other words, investors in these securities did not hold the underlying securities in any way and their investment was merely just an unsecured loan to Lehman Brothers which as of late 2007 was an overleveraged firm that was on the verge of complete demise. Sonn& Erez believes that financial advisors and their firms misled investors about the risks involved in investing in supposed "principal protected" Lehman Brothers notes and are legally liable for their customers losses.
If you believe that you have been misled as to the risk of investing in Lehman Brothers Principal Protected Notes 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.
