Notice to All BankUnited Financial Corporation Shareholders From the Securities Law Firm of Tramont Guerra & Nunez, PA
04 Juni 2009 - 12:00AM
Marketwired
The Securities Law Firm of Tramont Guerra & N��ez, PA (TGN)
makes an announcement to all BankUnited Financial Corporation
(NASDAQ: BKUNA) shareholders. BankUnited Financial Corporation, the
former holding company of BankUnited FSB, filed Chapter 11
Bankruptcy protection on May 22, 2009, the day after BankUnited FSB
was closed by the Office of Thrift Supervision. BankUnited FSB
emerged as a newly chartered federal savings bank as the result of
a deal facilitated between the FDIC and a consortium of investors.
BankUnited Financial Corporation had been the subject of a class
action lawsuit (Case No. 08 CV 22572) which was filed on September
16, 2008 in the U.S. District Court for the Southern District of
Florida. Prospective class members/former BankUnited shareholders
should consider whether an individual securities arbitration claim
filed with the Financial Industry Regulatory Authority (FINRA) is
more effective than a class action for recovery of their investment
losses.
Many investors were advised by their financial advisors that an
investment in BankUnited Financial Corporation was a suitable
investment, and some investors maintained concentrated positions in
BankUnited stock. These concentrated positions may have exposed
investors to unnecessary and uncompensated risk. 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 regulations. Recommendations of
unsuitable investments and/or concentrated investments in the
financial sector are both causes of action that form the basis for
individual securities arbitration claims 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 securities law
firm. To request a confidential consultation from a TGN attorney to
assist you in determining whether you have a viable individual
claim for investment losses that exceed $100,000 from a full
service brokerage account, contact us on stock market loss lawyer.
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-bankunited.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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