Colling, Gilbert, Wright & Carter Securites Fraud

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Friday, October 10, 2008

Participating in a Class Action is Usually Not the Best Course of Action

Colling Gilbert Wright & Carter is aggressively pursuing claims against a variety of brokerage firms and banks for misrepresentation and/or omissions in the sale of securities as well as stockbroker negligence and stockbroker fraud. Many of these firms and their products are currently or will be the subject of numerous class action lawsuits. Investors must carefully consider their options when pursuing claims for their investment related losses. There are definite benefits associated with filing an individual arbitration claim, as opposed to participating in a class action.

When participating in a class action lawsuit, investors typically only recover a very small percentage of their losses, usually pennies on the dollar. However, if you have experienced significant losses, it may be more advantageous for you to file an individual securities arbitration claim. Our securities litigation experience has revealed investors who file a securities arbitration claim typically obtain a better result then those investors choosing to participate in a class action lawsuit.

To discuss your options and get a free case evaluation, contact us at (866) 352-3476 or at www.stockmarketfraud.com. Thank you.

posted by William B. Young Jr. Esq. at 12:45 PM

Thursday, October 9, 2008

Morgan Stanley May Be Next To Fall

A sharp sell off in shares of Morgan Stanley suggested that the venerable investment house, spun out of the old JP Morgan & Co. in 1935, might suffer the same fate as Merrill Lynch which last month agreed to sell out to Bank of America. See our September 15, 2008 blog entry.

In today's trading, Morgan Stanley shares closed down 25.9% to $12.45 and has fallen a staggering 83% since June 2007. "Morgan Stanley is now facing the same type of credit woes that took down other brokerage giants including Bear Stearns, Lehman Brothers and Merrill Lynch.

If you have experienced investment losses related to the shares or product offered by any of these financial institutions, contact our office for a free case evaluation.

posted by William B. Young Jr. Esq. at 5:25 PM

Dow Loses 630 Points in Two and a Half Hours

Although the stock market has been volatile all day and for the whole week really. Nothing could prepare investors for what happened beginning around 1:30 p.m., with the Dow Jones Industrial Average at 9,208.72. Over the next couple hours, the index fell over 600 points.

All 30 stocks in the Dow were lower. The best performer was IBM, down 1.7% to $89. Big Blue had been up for much of the day after reporting better-than-expected earnings late Wednesday. General Motors was the worst performer, losing almost a third of its share value on fears the company, which is heavily burdened with debt, will not survive the current credit crisis.

If there was any good news on the day, it was the falling price of oil. Crude oil prices fell in after-hours electronic trading to less then $85 a barrel. That was after crude closed in regular trading at $86 1/2, already down 2.7% on the day. Some analysts are predicting the price could break the $80 level in the not to distant future.

Observers believe the affects of the fed bailout will not come soon enough to stabilize the financial system and restore investor confidence in the markets. Investors however seem to believe it will take more time and some apparently were not willing to wait, choosing to sell into the already hemoraging securities markets.

posted by William B. Young Jr. Esq. at 4:59 PM

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