April 12th, 2014
The Securities Arbitration Law Firm of Klayman & Toskes Files $200,000 Claim Against Merrill Lynch on Behalf of a UPS Employee As It Continues To Investigate Claims on Behalf of Current and Former UPS Employees
NEW YORK--(BUSINESS WIRE) --
The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”), www.nasd-law.com
, announced today that it filed a claim against Merrill Lynch on behalf of a UPS (UPS) employee for losses sustained as a result of maintaining a concentrated, leveraged position in UPS stock. The suit was filed with FINRA’s arbitration department, and seeks damages of $200,000.
According to the Claim, the Claimant worked nearly 35 years with UPS and accumulated shares of the company through UPS’ Employee Stock Purchase Plan and Managers Incentive Program. In addition to acquiring company stock, the Claimant opened a Hypothecation Loan whereby the UPS stock served as collateral.