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Provider: Stock Traders Daily
Provider: Thomson Reuters Stock Report
Provider: New Constructs, LLC
Provider: MacroRisk Analytics/EconomicInvestor

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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

0.42 +0.40%
22 Jul 2014