Auction Rate Securities (ARS)

Plaintiffs' Personal Injury Law Firm

When the stock market collapsed many people headed straight for their Auction Rate Securities (ARS) fund to take money out that they had in this account. After many of these people called their banks to try to take the money out that they so desperately needed they were told that their money was frozen and they could not take their money out of the Auction Rate Securities fund. What an auction rate security is exactly? It is a long-term bond that is used as a short-term debt. For many of these people this was one of the last resort options and they desperately needed this money as a result many people were left stranded with their money stuck in an account that they could not get into.

When this happened, the lawyers at Napoli Bern Ripka LLP stepped up immediately and were ready to help the people who this had happened to. After many of these Auction Rate Securities collapsed too, many people were left in the cold with nowhere to turn, Napoli Bern Ripka LLP with their many years of experience in this area decided that they would help investigate and help bring arbitration to the people whose funds were frozen as a result of the collapse. The most common thing that people are getting arbitration for as a result of this collapse is misrepresentation, many of the people who had money in these accounts that were frozen were told that they would be able to take money out whenever they needed to, when these huge corporations collapsed they were told they couldn’t and many people were left to hang and dry. This is why so many investors have turned to lawsuits to recoup their losses and file lawsuits.

Napoli Bern Ripka LLP is a great practice with headquarters in the Empire State Building in New York City, they not only help people who are living in New York but people across the country who are going through the investment firms misrepresenting them as a safe way to keep your money. These Auction Rate Securities were misrepresented as risk free which was the opposite of what they really were which was one of the reasons why so many people were at a loss when the stock market crumbled.

For those people who feel like they have misled or have been tricked into putting money into an Auction Rate Security fund should contact a lawyer at NBR as soon as possible. There are not only phone numbers that you can call to get in touch with a lawyer, but there is also a simple form you can fill out with your name, phone number, and how you have been misrepresented so that you can start your lawsuit against the firm that has done this to you. The lawyers at Napoli Bern Ripka know what they are doing and are ready to help you with any suffering you have gone through as a result of your frozen funds.

Personal Injury

Medical Malpractice