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.
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