Notice to All Piper Jaffray Companies Clients From the Securities Arbitration Law Firm of Klayman & Toskes, P.A.
18 March 2005 - 12:01AM
PR Newswire (US)
Notice to All Piper Jaffray Companies Clients From the Securities
Arbitration Law Firm of Klayman & Toskes, P.A. NEW YORK, March
17 /PRNewswire/ -- The Law Firm of Klayman & Toskes, P.A.
("K&T") ( http://www.nasd-law.com/ ) continues to pursue
individual securities arbitration claims before the National
Association of Securities Dealers ("NASD") and the New York Stock
Exchange ("NYSE") on behalf of high net worth investors who prefer
not to participate in, and investors who are ineligible to recover
from, the $433 million research analyst distribution fund created
by the Securities and Exchange Commission ("SEC"). The distribution
fund follows the decision against several brokerage firms including
Piper Jaffray Companies (NYSE:PJC) by the SEC (SEC v. U.S. Bancorp
Piper Jaffray, Inc., No. 03 Civ. 2942 WHP) for violation of the
Securities and Exchange Act of 1934 ("Exchange Act") and for
violation of rules 2110 and 2210 and NYSE rules 401, 472 and 476
(a)(6). Although the market capitalization lost in excess of $1
billion, the distribution fund has only allocated $12.5 million for
the following stocks purchased through U.S. Bancorp Piper Jaffray
Inc. 1. Esperion Therapeutics, Inc. -- Pfizer Inc. (NYSE:PFE) Oct.
18, 01 - Jun. 28, 02 2. Triton Networks Systems Inc. (OTC Pink
Sheets: TNSIZ) Mar. 30, 01 - May 1, 01 3. Just for Feet, Inc. Apr.
21, 99 - Jul. 20, 99 4. JDS Uniphase Corp. (NASDAQ:JDSU) Jul. 27,
99 - Oct. 25, 99 5. Comverse Technology, Inc. (NASDAQ:CMVT) Mar.
28, 01 - Jun. 26, 01 K&T currently represents numerous high net
worth investors who have filed individual securities arbitration
claims. Investors suffering large losses achieve an overall higher
recovery rate through arbitration than any other means. Empirical
evidence shows that when an investor suffers losses in larger
amounts, usually in excess of $100,000, an individual dispute
resolution process such as an arbitration claim filed before the
NYSE or the NASD may be the best means of recovering losses
suffered. K&T has offices in California, Florida, Nebraska, and
New York and represents investors throughout the nation. The sole
purpose of this release is to investigate, on behalf of our
clients, sales practice violations of licensed brokers at major
investment firms. If you wish to discuss this announcement or have
information relevant to our securities arbitration claims, please
contact Lawrence L. Klayman at 1-888-997-9956 or visit us on the
web at http://www.nasd-law.com/ . DATASOURCE: Klayman & Toskes,
P.A. CONTACT: Lawrence L. Klayman, Klayman & Toskes, P.A.,
+1-888-997-9956 Web site: http://www.nasd-law.com/
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