CASE NO. 16-02528
Posted on Wednesday, July 1st, 2020 at 2:34 pm
Erez Law represented a Puerto Rican family that sustained significant losses in UBS proprietary closed-end funds that invested predominantly in Puerto Rico bonds and Puerto Rico bonds. The Claimants alleged that UBS recommended an over-concentrated position in UBS Puerto Rico funds and Puerto Rico bonds. The FINRA panel awarded the Claimants $7,838,379 in a combination of compensatory damages, rescission damages, attorney’s fees and costs.