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Auction Rate Securities PDF Print

Get Your Investment Refunded & Consequential Damages on a Contingency Basis

CORPORATE INVESTORS
ARE YOU SEEKING A SETTLEMENT? WAS YOUR SETTLEMENT INSUFFICIENT?

If you have already arbitrated with your brokerage you may still be able to seek consequential damages. Depending on the nature of your settlement you may be able to recover damages for the money you lost due to the illiquidity of the investment you entrusted with your broker. These brokerages falsely marketed these investments. Major corporations are currently pursuing damages for the funds they can rightly recover. Most recently, Texas Instruments filed a suit seeking to recover their original investment and interest. Click here to read the New York Times article about their action.

You too can pursue recovery of your investment, interest and consequential damages at no cost to your company. Speak to an Auction Rate Securities Attorney at Charlip Law Group, LC about filing suit on a contingency basis.

A Little Background on Auction Rate Securities

Auction rate securities ("ARS") are long term bonds that resemble short term debt. They are most often municipal bonds, corporate bonds, or preferred stocks and are commonly issued by municipalities, tax exempt institutions, and closed end mutual funds. Investors of auction rate securities frequently receive interest rates that are reset at successive auctions which range from every 7 days to every 35 days. A bidder states the lowest interest rate that he is willing to accept to buy and hold the bond for the next period between auctions. Winning the auction requires the bidder to purchase the bond at par value, but allows the winner to receive interest at the "clearing rate" for as long as the bidder holds the bonds.

Auction rate securities are bought and sold through a Dutch auction system that allows buyers and sellers to interact in specific ways. Here are the steps:

  • Determining the available bonds or shares
  • Buyers and bondholders then submit bids
  • Bids are then ranked in order of interest rate and the clearing rate is calculated
  • Winning bidders then receive shares or bonds

We will handle your case at NO RISK TO YOU. The Auction Rate Securities Attorneys at Charlip Law Group, LC will accept an ARS claim on a contingency basis. We can help you retrieve some of the $330 billion in assets that have been lost due to the Auction Rate Securities debacle. Get your investment refunded; plus damages. You are eligible for your investment and the consequential damages you have incurred as a result of not being able to use your money.

At Charlip Law Group, LC our attorneys will represent your matters with the full consideration and respect you deserve. The lawyers at our firm bring many years of training and experience to the practice of law. Our multi-lingual staff will deal with your issues promptly. We are conveniently located in Broward County. Our South Florida location allows us to serve our clients in Miami-Dade, Broward and Palm Beach Counties; throughout Florida and the United States. Contact Charlip Law Group, LC at our Hollywood, Florida offices toll-free at 1-800-773-1955 or 954-921-2131. You can send us a confidential email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

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