NEW YORK, Oct. 10, 2008 (GLOBE NEWSWIRE) -- The Securities Law Firm of Klayman & Toskes, www.nasd-law.com, announced today that amidst the decline in the stock market, investors who maintained concentrated positions should consider all of their legal options. Klayman & Toskes has pioneered the representation of both retail and institutional clients who sustained losses as a result of holding concentrated positions in a single security or sector.
Specifically, Klayman & Toskes' claims focus on the mismanagement of concentrated portfolios given the fact that there were risk management strategies available that would have protected the value of the concentrated portfolios to the downside. Such risk management strategies include stop loss and limit orders, protective puts and collars. Whether the broker recommended that the client purchase a concentrated position, or the concentrated position was transferred into the account, the brokerage firm had a duty to make suitable recommendations to diversify away the risk.
Klayman & Toskes urges retail and institutional investors who have sustained losses as a result of holding concentrated positions in the following securities to contact the Law Firm to explore their legal rights and options: American International Group (NYSE:AIG), Apple, Inc. (Nasdaq:AAPL), Ambac Financial (NYSE:ABK), Bank of America (NYSE:BAC), Citigroup (NYSE:C), Fannie Mae (NYSE:FNM), Ford Motor Company (NYSE:F), Freddie Mac (NYSE:FRE), General Electric Co. (NYSE:GE), General Motors Corp. (NYSE:GM), Google (Nasdaq:GOOG), Lehman Brothers Holdings (Pink Sheets:LEHMQ), MBIA, Inc. (NYSE:MBI), Merrill Lynch (NYSE:MER), Morgan Stanley (NYSE:MS), Wachovia (NYSE:WB), Washington Mutual (Pink Sheets:WAMUQ), UBS (NYSE:UBS).
The attorneys at the Law Firm of Klayman & Toskes are dedicated to aggressively pursuing claims on behalf of investors who have suffered investment losses. Klayman & Toskes, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
If you wish to discuss this announcement or have lost $250,000 or more as a result of maintaining a concentrated position, please contact Steven D. Toskes or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956 or visit us on the web at http://www.nasd-law.com.
CONTACT: Klayman & Toskes, P.A. 888-997-9956
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