Notice to All National City Shareholders From the Securities Law Firm of Tramont Guerra Nunez, PA
19 December 2008 - 3:00AM
Marketwired
The Securities Law Firm of Tramont Guerra & N��ez, PA (TGN)
makes an announcement to all National City Corp (NYSE: NCC)
shareholders who are prospective class members of class action
lawsuit (Case No. 08 CV 02794) which was filed on November 26,
2008. The PNC Financial Services Group, Inc. (NYSE: PNC) who
acquired National City on October 24, 2008, is also a named party
in the class action for their alleged involvement in the purchase
agreement for terms which were at an "inadequate and unfair price"
to the detriment of public shareholders. Prospective class members
need to determine which legal process is more suitable for them to
recover investment losses, either through a class action lawsuit or
a securities arbitration claim filed with the Financial Industry
Regulatory Authority, (FINRA).
Many investors were advised by their financial advisors that an
investment in National City was suitable for risk adverse
investors. Brokerage firms are obligated to give, and investors are
entitled to rely upon, brokerage firms for competent, suitable
investment advice in accordance with the FINRA Sales Practice Rules
and Regulations. The recommendation of unsuitable investments and
concentrated investments in the financial sector, are both sales
practice violations which qualify for damages from a security
arbitration claim filed with FINRA. In some cases, shareholders
must "opt-out" as a class member in order to pursue a securities
arbitration claim, otherwise this legal option is not
available.
The Securities Law Firm of Tramont Guerra & N��ez, PA, is a
nationally recognized, Martindale Hubbell "AV" rated law firm. To
request a confidential consultation from a TGN attorney for
investment losses that exceed $100,000 from a full service
brokerage account, contact us on our website at
http://www.stockmarketlosslawyer.com/current-investigations.htm. To
speak directly with an attorney, call (800) 578-0137 and ask for
David Chacin, Esquire.
Destination URL:
http://www.stockmarketlosslawyer.com/press-releases/class-action-lawsuits-national-city.htm
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Contact: David Chacin, Esquire 2100 Ponce De Leon Blvd,
Penthouse II Coral Gables, Florida 33431 (800) 578-0137 Email
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