Notice to All Investors Who Purchased CDOs from Merrill Lynch and UBS from the
Securities Law Firm of Klayman & Toskes
NEW YORK, Feb. 7 /PRNewswire/ -- The Securities Law Firm of Klayman &
Toskes, P.A. ("K&T")(http://www.nasd-law.com) announced today that it
continues to investigate sales of collateralized debt obligations (CDOs) from
Merrill Lynch (NYSE: MER) and UBS (NYSE: UBS) to institutional investors.
These firms sold billions of dollars in CDOs to investors around the world.
Some of the CDOs which sustained heavy losses include Norma CDO I, Centre
Square CDO, South Coast Funding V CDO, Mezzanine ABS CDO, and the Tabs CDO.
Earlier this week, federal prosecutors and the SEC stated that they were
looking into whether Wall Street brokerage firms, like Merrill Lynch and UBS,
"deliberately misvalued, or 'mismarked,' massive holdings of mortgage
securities." Further, the U.S. Justice Department is looking into whether
brokerage firms committed fraud in their "originating, packaging and selling
mortgage-related products."
Presently, K&T is investigating how Merrill Lynch and UBS marketed their
CDO products, and whether the brokerage firms properly disclosed the risks of
the products to its investors. The issue of whether Merrill Lynch and UBS
over-stated and inflated the value of their CDO products is rapidly becoming a
common theme in the investigation. Further, K&T is looking into whether the
CDOs were suitable for the institutions, municipalities, fund of funds, and
pension funds that invested in the products through Merrill Lynch and UBS.
K&T has already filed numerous arbitration claims on behalf of investors
who lost millions in the CDO market. If you are an investor in CDOs that were
packaged and/or underwritten by Merrill Lynch and UBS, or if you have
information relevant to our investigation, please contact Lawrence L. Klayman,
Esquire or Steven D. Toskes, Esquire of Klayman & Toskes, P.A., at 888-997-
9956. You may also visit us on the web at http://www.nasd-law.com.
Klayman & Toskes, P.A., an experienced and nationally recognized
securities litigation law firm, continues its representation of investors
throughout the world in securities arbitration and litigation matters against
major Wall Street brokerage firms.
NYSE: MER
NYSE: UBS
SOURCE Klayman & Toskes, P.A.
Lawrence L. Klayman, Esquire, or Steven D. Toskes, Esquire, both of Klayman &
Toskes, P.A., +1-888-997-9956
