How Much Will It Cost To File a FIRNA Arbitration Securities Fraud Claim Against UBS For Puerto Rico Bond Fund Losses

One of the most common questions UBS securities victims have asked us is how much it will cost to file a FINRA arbitration claim against UBS for losses in the closed end Puerto Rico funds that have imploded.  There are two primary ways to pay a lawyer when suing UBS.  The first is an hourly rate.  This means the client pays the lawyer his or her hourly rate.  These rates can often vary from as low as $200 an hour up to $800 an hour.  The hourly rate is a function of the lawyers experience, skills, location and other related facts. The other way to pay a lawyer to sue UBS is through a contingency fee.  This means the lawyers fee will be contingent on the amount that is recovered for the client.  Most contingency fee rates are between 25% to 40% of the amount recovered.  Even in a contingency fee arrangement, the client is still typically responsible for the reasonable expenses for pursuing the case against UBS. These fees may include travel, copying, court or arbitration fees, expert witness fees and forum fees.  In securities fraud lawsuits and FIRNA arbitration actions about UBS, most lawyers work on a contingency fee basis.  Under most state securities act, including Puerto Rico’s, the clients can request attorney fees as a component of damages.  The arbitrators or judge has the discretion to award attorney fees to prevailing parties.  Besides the two methods described above, clients can enter into a blended arrangement that is part contingent rate and part hourly rate.  To learn more about filing securities fraud claims against UBS, please call our legal team.

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.