The Securities Arbitration Law Firm of Klayman & Toskes Launches an Investigation on Behalf of Cascade Bancorp Shareholders W...
December 18 2010 - 11:53PM
Business Wire
The Securities Arbitration Law Firm of Klayman & Toskes
(“K&T”), www.nasd-law.com, announced today that it is
investigating potential claims on behalf of Cascade Bancorp
(NasdaqCM:CACBD) shareholders who held concentrated positions in
Cascade Bancorp stock with full-service Wall Street brokerage
firms. On December 28, 2006, Cascade Bancorp stock was trading at
$303.11 per share. However, by December 31, 2009, the price of
Cascade Bancorp stock declined over 99%, closing at $0.68 per
share. As a result, many Cascade Bancorp shareholders who held
concentrated positions in Cascade Bancorp sustained substantial
losses.
Unfortunately, many Cascade Bancorp shareholders who held
concentrated positions in Cascade Bancorp stock were never advised
by their full-service brokerage firms of the risks associated with
owning a concentrated account. Additionally, despite having a duty
to do so, many firms failed to explain how the use of risk
management strategies, like a zero-cost collar, protective put
options, stop loss orders and/or an exchange fund, could have been
utilized to protect the concentrated Cascade Bancorp stock
positions.
Cascade Bancorp shareholders who sustained investment losses as
a result of holding a concentrated position in Cascade Bancorp can
contact K&T to explore their legal rights and options. The
attorneys at K&T are dedicated to pursuing claims on behalf of
investors who have suffered investment losses. K&T, an
experienced, qualified and nationally recognized securities
litigation law firm, practices exclusively in the field of
securities arbitration and litigation. It continues its
representation of investors throughout the world in securities
arbitration and litigation matters against major Wall Street
brokerage firms.
If you wish to discuss this announcement or have investment
losses of $500,000 or more in Cascade Bancorp stock, please contact
Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman
& Toskes, P.A., at 888-997-9956 or visit us on the web at
http://www.nasd-law.com.
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