NOTICE TO CURRENT AND FORMER BOEING EMPLOYEES: KlaymanToskes Commences Investigation Into Damages Sustained by Shareholders W...
April 09 2020 - 9:30AM
Business Wire
KlaymanToskes (“KT”), www.klaymantoskes.com, announced today
that it is investigating damages sustained by current and former
Boeing Company (NYSE:BA) (“Boeing”) employees who held large,
unhedged concentrated positions in Boeing stock and received margin
calls resulting in the forced sale of stock. The investigation
focuses on full-service brokerage firms’ negligence and
mismanagement of leveraged concentrated positions.
Investment portfolios holding large concentrated stock positions
carry significant downside risks, especially when leveraged by a
margin loan. Full-service brokerage firms whose customers hold
large concentrated stock positions have a duty to ensure that their
customers understand the risks associated with concentration and to
disclose and recommend the availability of risk management
strategies, such as a “zero cost” collar, which can be used to
protect the value of a concentrated portfolio. The failure to use
risk management strategies as well as the failure to “hedge” the
value of a concentrated portfolio directly exposes an investor’s
concentrated position to fluctuations in the volatile securities
markets. Since trading as high as 391.00 per share in September
2019, the price of Boeing stock dropped to 89.00 on March 18, 2020,
a decline of 77%. Boeing is currently trading around $146.87 per
share.
The sole purpose of this release is to investigate whether
strategies deployed by full-service brokerage firms were suitable
for Boeing employees with leveraged, concentrated stock positions.
Boeing shareholders who held accounts at full-service brokerage
firms, and have information relating to the manner in which the
firm handled their concentrated, leveraged portfolios, are
encouraged to contact the attorneys of KlaymanToskes at (561)
542-5131, or visit our firm’s website at www.klaymantoskes.com.
About KlaymanToskes
KT is a leading national securities law firm which practices
exclusively in the field of securities arbitration and litigation,
on behalf of retail and institutional investors throughout the
world in large and complex securities matters. The firm represents
high net-worth, ultra-high-net-worth, and institutional investors,
such as non-profit organizations, unions, public and multi-employer
pension funds. KT has office locations in California, Florida, New
York, and Puerto Rico.
Destination:
https://klaymantoskes.com/notice-to-current-and-former-boeing-employeess-sustained-by-shareholders-who-held-large-unhedged-concentrated-positions-in-boeing/
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version on businesswire.com: https://www.businesswire.com/news/home/20200409005412/en/
KlaymanToskes Lawrence L. Klayman, Esq., (561) 542-5131
lklayman@klaymantoskes.com www.klaymantoskes.com
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