The Securities Arbitration Law Firm of Klayman & Toskes ("K&T"), www.nasd-law.com,
announced today that it is investigating claims on behalf of
Weyerhaeuser (NYSE:WY) shareholders who held large, concentrated
positions in Weyerhaeuser stock. K&T recently filed a securities
arbitration claim against Merrill Lynch, a part of Bank of America
(NYSE: BAC), on behalf of a retiree who sustained damages of $200,000 as
a result of holding a concentrated position in Weyerhaeuser stock. The
claim was filed with the Financial Industry Regulatory Authority
("FINRA") Arbitration Department.
According to the Claim, the Claimant inherited a concentrated position
in Weyerhaeuser stock when his mother passed away, and he looked to
Merrill Lynch and its financial advisors to provide him with suitable
investment advice. The firm handled accounts for many Weyerhaeuser
employees as their company was located near the Merrill Lynch branch
office. Unfortunately, despite having a duty to do so, Merrill Lynch
failed to protect the concentrated Weyerhaeuser stock position through
the use of available risk management strategies, like a collar,
protective put options, stop loss orders and/or an exchange fund.
Moreover, Merrill Lynch failed to explain to the Claimant the risks
associated with holding a concentrated stock position.
Current and former Weyerhaeuser shareholders who have sustained
investment losses as a result of holding a concentrated position in
Weyerhaeuser stock can contact K&T to explore their legal rights and
options. This includes current and former employees of Weyerhaeuser who
received the stock as a form of compensation. The attorneys at K&T are
dedicated to pursuing claims on behalf of investors who have suffered
significant 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
$100,000 or more in Weyerhaeuser stock, please contact Steven D. Toskes
of Klayman & Toskes, at 888-997-9956 or visit us on the web at http://www.nasd-law.com.
