NEW YORK – The New York law close of Zwerling, Schachter & Zwerling, LLP has filed a balance class-action accusation adjoin UBS Financial Services, Inc., a accessory of Zurich, Switzerland-based UBS AG (NYSE:UBS), as able-bodied as admiral and admiral of Lehman Brothers, based on banking losses suffered by investors who bought balance accepted as arch aegis notes.
Lehman Brothers issued the addendum in catechism with UBS and Lehman confined as the underwriters and sellers. The accusation was filed in the U.S. District Court for the Southern District of New York.
Principal aegis addendum purportedly accommodate investors with aegis for some or all of the arch they advance as able-bodied as a abeyant for a acknowledgment based on the achievement of the basal investment. But note-holders’ investments bigger vanished in September if Lehman Brothers defaulted on the addendum by filing the better defalcation in U.S. history.
In this case, the plaintiff alleges that Lehman Brothers promised investors a complete acknowledgment of arch even while the aggregation knew its own banking bearings was precarious. Lehman Brothers was advancement aggrandized bartering and residential mortgage and absolute acreage assets in accession to ample amounts of leverage, and bootless to crop accomplish to lower its acknowledgment to the abrasion acclaim and mortgage markets or explain such risks to investors.
“Lehman Brothers was affairs these addendum and cogent investors they would get all of their arch back, but they knew that if something went wrong, they wouldn’t be able to authority up their end of the bargain,” says advocate Jeffrey Zwerling, who filed the lawsuit. “And the sad affair is these investors are not alone. There are others who bought addendum from added investment banks and now are in the aforementioned situation.”
The chic action is brought on account of all bodies and entities who, from May 30, 2006, until September 15, 2008 (the “Class Period”), purchased apart obligations accepted as 100% Principal Protection Notes (the “Principal Protection Notes”) that were issued pursuant to Lehman’s Form S-3 Registration Statement, anachronous May 30, 2006 (the “Registration Statement”) and Medium-Term Notes, Series I Prospectus Supplement, anachronous May 30, 2006 (the “MTN Prospectus”), and underwritten and awash by UBS and others, and who were damaged thereby (the “Class”).
If you are a affiliate of the Class, or purchased the Principal Protection Notes, you may administer to serve as advance plaintiff. The advance plaintiff is amenable for administering the case of the action and ensuring that the interests of the chic are protected. You may administer to be appointed advance plaintiff through Zwerling, Schachter & Zwerling. The advance plaintiff borderline is January 5, 2009.
If you ambition to altercate this balance chic action or accept any questions apropos your rights and interests with account to this matter, amuse acquaintance Zwerling, Schachter & Zwerling (Shaye J. Fuchs, Esq. or Willy T. Gonzalez) at 1-800-721-3900 or by e-mail at sfuchs@zsz.com or wgonzalez@zsz.com.
Zwerling, Schachter & Zwerling concentrates in prosecuting chic accomplishments civic on account of investors. The close currently plays a arch role in abundant above balance and circuitous bartering litigations awaiting in federal and accompaniment courts and has offices in New York City, Garden City, N.Y. and Seattle, Wash. The close has been accustomed by courts throughout the country as awful accomplished and accomplished in circuitous litigation, decidedly with account to federal balance class-action litigation. More advice is accessible at www.zsz.com.
For added advice or to allege with Jeffrey Zwerling about the balance class-action case involving UBS and Lehman Brothers, amuse acquaintance Mark Annick at 800-559-4534 (office), 214-213-1754 (mobile) or mark@androvett.com
2009年12月16日星期三
Zwerling, Schachter & Zwerling, LLP - New York Law Firm Zwerling, Schachter & Zwerling, LLP Representing Victims in Madoff Financial Fraud Case
NEW YORK – The New York law close of Zwerling, Schachter & Zwerling, LLP, has been retained by individuals and entities that delivered hundreds of millions of dollars to investment adviser Bernard L. Madoff, who authorities say accepted to operating what amounted to a $50 billion Ponzi scheme.
Since the December 11 arrest of Mr. Madoff, 70, the account of companies and individuals adverse abrupt banking losses based on their affairs with Mr. Madoff and companies affiliated with or controlled by him accept developed to cover individuals and institutions above the country. In addition, Mr. Madoff’s armamentarium acquired money from some of Europe’s better banks, including institutions in the United Kingdom, Spain, France and Italy, and their clients.
“If this were a acceptable case robbery, the beholder letters would say that Mr. Madoff absolved out with billions of dollars as anyone captivated the aperture accessible for him,” says Jeffrey Zwerling, a founding accomplice of Zwerling, Schachter & Zwerling. “If it’s true, it’s just amazing in agreement of the audacity, if annihilation else.”
Mr. Zwerling and his close represent investment partnerships, individuals and companies that may accept absent cogent amounts of money in Mr. Madoff’s scheme. In accession to targeting Mr. Madoff’s businesses, the close will be demography a abutting attending at third parties, including banking firms and added institutions that may accept played a role in the scheme.
“There’s just no way that this happens after advice of some kind,” says Robert S. Schachter a chief accomplice of the firm. “The affirmation already shows that Mr. Madoff capital ‘investors’ to appear to him through added entities. Those will be the businesses that are traveling to acquisition themselves answering a few questions now.”
Zwerling, Schachter & Zwerling, LLP, is currently investigating the adapted acknowledged approaches accessible to its clients. The analysis and any action will be undertaken by the close on a accidental fee basis, acceptation the firm’s audience will pay no acknowledged fees unless there is a banking recovery. The close currently plays a arch role in abundant above balance and circuitous bartering litigations awaiting in federal and accompaniment courts and has offices in New York City, Garden City, N.Y., and Seattle. The close has been accustomed by courts throughout the country as awful accomplished and accomplished in circuitous litigation, decidedly with account to federal balance class-action litigation.
More advice is accessible at www.zsz.com.
For added advice or to allege with Jeffrey Zwerling or Robert S. Schachter about the Madoff case, amuse acquaintance Mark Annick at 800-559-4534 (office), 214-213-1754 (mobile) or mark@androvett.com.
Since the December 11 arrest of Mr. Madoff, 70, the account of companies and individuals adverse abrupt banking losses based on their affairs with Mr. Madoff and companies affiliated with or controlled by him accept developed to cover individuals and institutions above the country. In addition, Mr. Madoff’s armamentarium acquired money from some of Europe’s better banks, including institutions in the United Kingdom, Spain, France and Italy, and their clients.
“If this were a acceptable case robbery, the beholder letters would say that Mr. Madoff absolved out with billions of dollars as anyone captivated the aperture accessible for him,” says Jeffrey Zwerling, a founding accomplice of Zwerling, Schachter & Zwerling. “If it’s true, it’s just amazing in agreement of the audacity, if annihilation else.”
Mr. Zwerling and his close represent investment partnerships, individuals and companies that may accept absent cogent amounts of money in Mr. Madoff’s scheme. In accession to targeting Mr. Madoff’s businesses, the close will be demography a abutting attending at third parties, including banking firms and added institutions that may accept played a role in the scheme.
“There’s just no way that this happens after advice of some kind,” says Robert S. Schachter a chief accomplice of the firm. “The affirmation already shows that Mr. Madoff capital ‘investors’ to appear to him through added entities. Those will be the businesses that are traveling to acquisition themselves answering a few questions now.”
Zwerling, Schachter & Zwerling, LLP, is currently investigating the adapted acknowledged approaches accessible to its clients. The analysis and any action will be undertaken by the close on a accidental fee basis, acceptation the firm’s audience will pay no acknowledged fees unless there is a banking recovery. The close currently plays a arch role in abundant above balance and circuitous bartering litigations awaiting in federal and accompaniment courts and has offices in New York City, Garden City, N.Y., and Seattle. The close has been accustomed by courts throughout the country as awful accomplished and accomplished in circuitous litigation, decidedly with account to federal balance class-action litigation.
More advice is accessible at www.zsz.com.
For added advice or to allege with Jeffrey Zwerling or Robert S. Schachter about the Madoff case, amuse acquaintance Mark Annick at 800-559-4534 (office), 214-213-1754 (mobile) or mark@androvett.com.
Zwerling, Schachter & Zwerling, LLP - New York Law Firm Zwerling, Schachter & Zwerling, LLP Investigating “Feeder Funds” in Madoff Fraud Case
NEW YORK – The New York law close of Zwerling, Schachter & Zwerling, LLP, has been retained by audience that accept asked the close to investigate alleged “feeder funds” that helped bear billions of dollars to investment adviser Bernard L. Madoff afore the contempo collapse of his investment businesses.
Reports announce Madoff has accepted to operating what amounted to a $50 billion Ponzi scheme.
Feeder funds, such as the Fairfield Sentry Fund, allotment of the Fairfield Greenwich Group, provided a alleyway for individuals to bear their money to Madoff. Fairfield Sentry reportedly had all of its $7.3 billion in assets with Madoff. Overall, Fairfield Greenwich had added than $14.1 billion in assets beneath administration afore Madoff’s business collapsed.
In accession to Fairfield, the close believes there could accept been dozens of added entities in the United States and across acting as Madoff agriculturalist funds and accession huge fees for their efforts.
“The catechism will be whether the Fairfield Sentry Fund and others like it basically functioned as enablers, and fabricated a accumulation by creating an ambiance area Madoff was able to do what he did,” says Jeffrey Zwerling, a founding accomplice of Zwerling, Schachter & Zwerling.
Mr. Zwerling and his close represent investment partnerships, individuals and companies that absent cogent amounts of money in Madoff’s scheme. The close will be demography a abutting attending at third parties, such as Fairfield Greenwich and others that may accept played a role in the scheme.
“We’re traveling to be actual absorbed in agriculturalist funds that fabricated money by bringing Madoff the victims” says Robert S. Schachter a chief accomplice of the firm. “We accept been contacted by victims in Mexico, Argentina, Austria, Spain, Switzerland and Ireland that delivered cogent funds to Madoff through what we accept to be agriculturalist funds in those countries.”
Zwerling, Schachter & Zwerling, LLP, currently is investigating the adapted acknowledged approaches accessible to its audience from close offices in New York City, Garden City, N.Y., and Seattle. The analysis and any action that ensues will be undertaken on a accidental fee basis, acceptation the firm’s audience will pay no acknowledged fees unless there is a banking recovery. The close currently plays a arch role in abundant above balance cases and circuitous bartering action affairs awaiting in federal and accompaniment courts above the nation. The close has been accustomed by courts throughout the country as awful accomplished and accomplished in circuitous litigation, decidedly with account to federal balance class-action litigation.
For added advice or to allege with Jeffrey Zwerling or Robert S. Schachter about the Madoff matter, amuse acquaintance Mark Annick at 800-559-4534 (office), 214-213-1754 (mobile) or mark@androvett.com.
Reports announce Madoff has accepted to operating what amounted to a $50 billion Ponzi scheme.
Feeder funds, such as the Fairfield Sentry Fund, allotment of the Fairfield Greenwich Group, provided a alleyway for individuals to bear their money to Madoff. Fairfield Sentry reportedly had all of its $7.3 billion in assets with Madoff. Overall, Fairfield Greenwich had added than $14.1 billion in assets beneath administration afore Madoff’s business collapsed.
In accession to Fairfield, the close believes there could accept been dozens of added entities in the United States and across acting as Madoff agriculturalist funds and accession huge fees for their efforts.
“The catechism will be whether the Fairfield Sentry Fund and others like it basically functioned as enablers, and fabricated a accumulation by creating an ambiance area Madoff was able to do what he did,” says Jeffrey Zwerling, a founding accomplice of Zwerling, Schachter & Zwerling.
Mr. Zwerling and his close represent investment partnerships, individuals and companies that absent cogent amounts of money in Madoff’s scheme. The close will be demography a abutting attending at third parties, such as Fairfield Greenwich and others that may accept played a role in the scheme.
“We’re traveling to be actual absorbed in agriculturalist funds that fabricated money by bringing Madoff the victims” says Robert S. Schachter a chief accomplice of the firm. “We accept been contacted by victims in Mexico, Argentina, Austria, Spain, Switzerland and Ireland that delivered cogent funds to Madoff through what we accept to be agriculturalist funds in those countries.”
Zwerling, Schachter & Zwerling, LLP, currently is investigating the adapted acknowledged approaches accessible to its audience from close offices in New York City, Garden City, N.Y., and Seattle. The analysis and any action that ensues will be undertaken on a accidental fee basis, acceptation the firm’s audience will pay no acknowledged fees unless there is a banking recovery. The close currently plays a arch role in abundant above balance cases and circuitous bartering action affairs awaiting in federal and accompaniment courts above the nation. The close has been accustomed by courts throughout the country as awful accomplished and accomplished in circuitous litigation, decidedly with account to federal balance class-action litigation.
For added advice or to allege with Jeffrey Zwerling or Robert S. Schachter about the Madoff matter, amuse acquaintance Mark Annick at 800-559-4534 (office), 214-213-1754 (mobile) or mark@androvett.com.
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