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The Law Firm of Klayman & Toskes Investigates United Parcel Service Inc


Monday, 11 Mar 2013 04:00pm EDT 

The Securities Arbitration Law Firm of Klayman & Toskes (K&T), announced that it is investigating claims against full-service brokerage firms relating to current and former United Parcel Service Inc (UPS) employees who sustained losses as a result of maintaining a concentrated, leveraged position in UPS stock. Many UPS employees who obtained company stock as a form of compensation through the Managers Incentive Program, and later transferred it to a full-service brokerage firm, used the stock as collateral for a hypo loan. A hypo loan is obtained by pledging securities or other assets as collateral to secure a loan. In this case, the UPS stock served as collateral for the loan. Unfortunately, many UPS employees were never advised of the risks associated with maintaining a hypo loan, including the risk of a margin call. When the price of UPS stock declined from October 2008 through April 2009, many UPS employees had their stock liquidated thereby decimating their investment portfolio. 

Company Quote

104.48
0.42 +0.40%
22 Jul 2014