Posted On: July 15, 2009 by Blum Law Group

BLUM & SILVER CONTINUES TO FILE ARBITRATION CLAIMS AGAINST UBS FOR THE SALE OF LEHMAN PRINCIPAL PROTECTED NOTES

UBS sold approximately $1 Billion of Lehman Structured Notes in the United States. Many of these "Structured Notes" were called "Principal Protected Notes." Many of these "Principal Protected Notes" were sold as safe, conservative investments that provide income. The ugly reality is that these investments were high-risk products secured only by a promise of Lehman Brother Holdings Inc. to repay the principal.