| Company: | UBS Financial Services Inc |
| Ticker Symbol: | UBSN |
| Class Period: | May-30-06 to Sep-15-08 |
| Date Filed: | Nov-6-08 |
| Lead Plaintiff Deadline: | Jan-5-09 |
| Court: | Southern District of New York |
| Allegations: | |
The class action, captioned Gott v. UBS Financial Services Inc, et al., 08-cv-9578 (VAM), is pending in the United States District Court for the Southern District of New York. The class action is brought against UBS Financial Services Inc., and certain officers and directors of Lehman Brothers Holdings, Inc.
The lawsuit asserts claims under Sections 11, 12(a)(2) and 15 of the Securities Exchange Act of 1933. The Complaint alleges that defendants made misstatements and omissions of material fact relating to an investment in Lehman Principal Protection Notes and deceived investors as to the risks of investing in those Notes. The Complaint further alleges that UBS offered and sold Lehman Principal Protection Notes as suitable for investors seeking to protect their entire principal investment. According to the Complaint, holders of Lehman Principal Protection Notes sold by UBS and other broker-dealers learned, following Lehman Brothers' bankruptcy filing on September 15, 2008, that their Notes are in default and they are now senior unsecured creditors in Lehman's bankruptcy proceeding, and may stand to lose all or substantially all of their principal investments.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
