How Can I Sue UBS For Puerto Rico Losses?
Recently, UBS was sued again for selling Puerto Rican bonds. The claimants in the case alleged breach of contract, warranties, violations of securities statutes, violations of fraud/negligence statutes, violations of fraud, misrepresentations and omissions and claims under common law. They requested compensatory damages in an amount exceeding $10,000,000, direct and consequential damages, all sums lost in the accounts on any or all transactions made or not made and others. The panel awarded $9,000,000 in compensatory damages to the claimants, ordering UBS to pay them and the sum of $1,000,000 in punitive damages plus interest. UBS sold Puerto Rican bonds that were not suitable and the firm may be liable for losses. If you were recommended or sold Puerto Rican bond securities by a UBS broker, you may be able to recover your losses by calling our law offices at 312-332-4200 to speak to an attorney. We take cases on a contingency fee basis only.
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