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National Investment Fraud Lawyers

¿Perdió en bonos y fondos de Puerto Rico?

CASE NO. 11-03927

Posted on Wednesday, July 1st, 2020 at 3:03 pm    

Erez Law recovered $831,000 including $250,000 in punitive damages, prejudgment interest and costs for investors who sustained losses in Lehman Brothers preferred stock, PowerShares Financial Preferred and Alpine Dynamic Dividend Fund/Alpine Total Dynamic Dividend Fund. The Award is notable for awarding full losses on Lehman Brothers preferred stock and PowerShared Financial Preferred as well as prejudgment interest. The arbitrators’ award of punitive damages is also rare and was awarded based on findings that the broker falsified the investors’ questionnaire and misrepresented that Lehman Brothers was backed by the US Government.