Press release from Business Wire
The Securities Arbitration Law Firm of Klayman & Toskes Launches Investigation on Behalf of Weyerhaeuser Shareholders Who Held Concentrated Positions in Weyerhaeuser Stock
Thursday, December 22, 2011
The Securities Arbitration Law Firm of Klayman & Toskes Launches Investigation on Behalf of Weyerhaeuser Shareholders Who Held Concentrated Positions in Weyerhaeuser Stock12:26 EST Thursday, December 22, 2011 NEW YORK (Business Wire) -- The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”), www.nasd-law.com, announced today that it is investigating claims on behalf of Weyerhaeuser (NYSE:WY) shareholders who held large, concentrated positions in Weyerhaeuser stock. K&T recently filed a securities arbitration claim against Merrill Lynch, a part of Bank of America (NYSE: BAC), on behalf of a retiree who sustained damages of $200,000 as a result of holding a concentrated position in Weyerhaeuser stock. The claim was filed with the Financial Industry Regulatory Authority (“FINRA”) Arbitration Department. According to the Claim, the Claimant inherited a concentrated position in Weyerhaeuser stock when his mother passed away, and he looked to Merrill Lynch and its financial advisors to provide him with suitable investment advice. The firm handled accounts for many Weyerhaeuser employees as their company was located near the Merrill Lynch branch office. Unfortunately, despite having a duty to do so, Merrill Lynch failed to protect the concentrated Weyerhaeuser stock position through the use of available risk management strategies, like a collar, protective put options, stop loss orders and/or an exchange fund. Moreover, Merrill Lynch failed to explain to the Claimant the risks associated with holding a concentrated stock position. Current and former Weyerhaeuser shareholders who have sustained investment losses as a result of holding a concentrated position in Weyerhaeuser stock can contact K&T to explore their legal rights and options. This includes current and former employees of Weyerhaeuser who received the stock as a form of compensation. The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered significant investment losses. K&T, 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 investment losses of $100,000 or more in Weyerhaeuser stock, please contact Steven D. Toskes of Klayman & Toskes, at 888-997-9956 or visit us on the web at http://www.nasd-law.com. Klayman & ToskesSteven D. Toskes, 888-997-9956http://www.nasd-law.com.