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The Securities Arbitration Law Firm of Klayman & Toskes Announces that It is Continuing To Investigate and File Claims on Behalf of Current and Former UPS Employees Who Held Concentrated Positions in

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The Securities Arbitration Law Firm of Klayman & Toskes Announces that It is Continuing To Investigate and File Claims on Behalf of Current and Former UPS Employees Who Held Concentrated Positions in Powered By Docstoc
					The Securities Arbitration Law Firm of Klayman
& Toskes Announces that It is Continuing To
Investigate and File Claims on Behalf of Current
and Former UPS Employees Who Held
Concentrated Positions in UPS Stock on
Margin/Hypo Loans
November 01, 2010 10:03 AM Eastern Daylight Time  

NEW YORK--(EON: Enhanced Online News)--The Securities Arbitration Law Firm of Klayman & Toskes
(“K&T”), www.nasd-law.com, announced today that it is continuing to investigate and file claims on behalf of
current and former UPS (NYSE: UPS) employees as a result of maintaining a concentrated, leveraged position in
UPS stock. K&T continues to receive a substantial amount of inquires, and has been retained by numerous
additional current and former UPS employees who sustained significant losses in UPS stock.

According to one claim filed against Merrill Lynch, now a part of Bank of America (NYSE: BAC), the Claimant
received UPS employee stock options which were exercised and deposited into his Merrill Lynch account. By
2005, the Claimant’s portfolio was valued at over $3.5 million with over 90% in UPS stock. However, Merrill
Lynch failed to protect the UPS stock, as they had a duty to do so, through the use of risk management strategies,
like a collar, protective put options, stop loss orders and/or an exchange fund.

In addition to holding a concentrated UPS stock position, the Claimant also had a margin loan against the portfolio
exceeding $1.7 million. Over the next two years, the UPS stock maintained a price of around $70 per share until the
stock substantially declined in 2009. In March 2009, the UPS stock dropped to $38 per share which triggered
margin calls in the Claimant’s account. Consequently, he sold over 34,000 shares of UPS stock to satisfy the calls.

The effects of margin on a concentrated position substantially increased the risk to the Claimant’s account, ultimately
led to the forced liquidation of UPS stock, and precluded the Claimant from recovering his losses through a potential
rebound in the price of UPS stock. Had the Claimant not been on margin, the UPS stock would not have been
liquidated to meet the margin call, thereby providing it with an opportunity to recover given that the price of UPS
stock came back in value since 2009. However, with the forced sale of the stock, the Claimant’s investment in UPS
stock no longer has the ability to recover.

Current and former UPS employees who have sustained investment losses 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 $100,000 or more, please contact Steven D.
Toskes of Klayman & Toskes, at 888-997-9956 or visit us on the web at http://www.nasd-law.com.

Contacts
Klayman & Toskes
Steven D. Toskes, 888-997-9956
http://www.nasd-law.com
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Description: NEW YORK--(EON: Enhanced Online News)--The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”), www.nasd-law.com, announced today that it is continuing to investigate and file claims on behalf of current and former UPS (NYSE: UPS) employees as a result of maintaining a concentrated, leveraged position in UPS stock. K&T continues to receive a substantial amount of inquires, and has been retained by numerous additional current and former UPS employees who sustained significant a style='font-size: 1
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