Dépêches
The Securities Law Firm of Klayman & Toskes Announces that it is Investigating Claims on Behalf of Current and Former FedEx Employees Who Held Concentrated Positions in FedEx Stock on Margin With Full-Service Wall Street Brokerage Firms
Dépèche transmise le 24 février 2011 par Business Wire
NEW YORK--(BUSINESS WIRE)--The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”), www.nasd-law.com, announced today that it is continuing to investigate claims on behalf of current and former FedEx (NYSE:FDX) employees who held concentrated positions in FedEx stock on margin with full-service Wall Street brokerage firms. On February 26, 2007, FedEx stock was trading at $121 per share. However, over the next two years, the price of the stock declined over 72%, closing at $34 per share on March 9, 2009. As a result, many FedEx shareholders who used their FedEx stock as collateral for margin loans most likely received a margin call and a substantial portion of their stock was liquidated, which led to substantial losses.
Unfortunately, many former and current FedEx employees who held concentrated positions in FedEx stock were never advised by their full-service brokerage firms of the risks associated with owning a concentrated account. Additionally, 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 FedEx stock positions.
The effect of margin on a concentrated position substantially increases the risk to a concentrated account, and can lead to the liquidation of the stock which precludes the investor from recovering their losses through a potential rebound in the price of the stock. If margin had not been used, the FedEx stock would not have been liquidated to meet the margin call, thereby providing it with an opportunity to recover given that the price of FedEx stock came back in value since 2009. However, with the sale of the stock, an investor’s FedEx stock no longer has the ability to recover.
Current and former FedEx employees who have sustained investment losses 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 $100,000 or more in FedEx 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.
- 10:42 Les Flying Bulls feront le show dans les airs au Red Bull Motormania
- 09:27Meeting Cerny-La Ferté-Alais 2025 : programme des vols avec horaires pour le samedi
- 08:56 Radia présente le WindRunner pour la première fois en France au Salon du Bourget
- 08:40 Air Niugini divulgue une commande de deux nouveaux avions A220
- 05/06 Air Transat prolonge sa liaison Bordeaux - Montréal à l’hiver 2025-2026
- 05/06 Emirates et Air Mauritius renouvellent leur partenariat
- 05/06 Vietjet a commandé des Airbus A330neo supplémentaires
- 05/06 United Airlines inaugure une nouvelle liaison saisonnière sans escale entre Nice et Washington D.C.
- 05/06 easyJet inaugure des nouvelles liaisons vers l'Italie
- 04/06 Cathay Pacific relance sa liaison vers Adélaïde
- 04/06 Nesher Aviation commande des Tecnam P-Mentor
- 04/06 Airbus livre le premier A321XLR motorisé par Pratt & Whitney à Wizz Air
- 04/06 Finnair étoffe son programme hivernal
- 04/06 Le premier Bombardier Global 8000 de série effectue son vol inaugural
- 04/06 Le Groupe Qatar Airways annonce les meilleurs résultats financiers de son histoire
- 04/06 Corsair signe un partenariat avec Hertz
- 01/06Incident au sol d'un Spitfire à Biscarrosse
- 31/05Meeting Cerny-La Ferté-Alais 2025 : et si vous voliez en DC-3
- 31/05 Le deuxième prototype du Cessna Citation CJ4 Gen3 prend son envol avec succès
- 31/05 Textron Aviation annonce sa venue au salon du Bourget 2025