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.

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (10 S. LaSalle, Suite 3500, CHICAGO, IL 60010, 312.332.4200). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state. PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.