The Securities Arbitration Law Firm of Klayman & Toskes Launches an Investigation on Behalf of CardioNet Shareholders Who Hel...
December 18 2010 - 11:48PM
Business Wire
The Securities Arbitration Law Firm of Klayman & Toskes
(“K&T”), www.nasd-law.com, announced today that it is
investigating potential claims on behalf of CardioNet
(NasdaqGM:BEAT) shareholders who held concentrated positions in
CardioNet stock with full-service Wall Street brokerage firms. On
August 15, 2008, CardioNet stock was trading at $33.68 per share.
However, by December 31, 2009, the price of CardioNet stock
declined over 83%, closing at $5.94 per share. As a result, many
CardioNet shareholders who held concentrated positions in CardioNet
sustained substantial losses.
Unfortunately, many CardioNet shareholders who held concentrated
positions in CardioNet stock were never advised by their
full-service brokerage firms of the risks associated with owning a
concentrated account. Additionally, despite having a duty to do so,
many firms failed to explain how the use of risk management
strategies, like a zero-cost collar, protective put options, stop
loss orders and/or an exchange fund, could have been utilized to
protect the concentrated CardioNet stock positions.
CardioNet shareholders who sustained investment losses as a
result of holding a concentrated position in CardioNet can contact
K&T to explore their legal rights and options. The attorneys at
K&T are dedicated to pursuing claims on behalf of investors who
have suffered 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 $500,000 or more in CardioNet stock, please contact
Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman
& Toskes, P.A., at 888-997-9956 or visit us on the web at
http://www.nasd-law.com.
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