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Subprime Investments

Subprime Investment Losses? You Are Not Alone.

Following the collapse of the subprime mortgage market, anyone who invested in mortgage-backed securities, knowingly or unknowingly, is likely dealing with significant losses to their investment.

  • What if you were led to believe that your investment was safe when it was not?
  • Were you unaware that your investment consisted in large part of subprime assets such as subprime mortgages and car loans?

Helping Investors Recoup Losses From Unsuitable Investments

At the law office of Timothy J. Dennin, we are helping victims of unsuitable investments pursue justice and seek to recoup their financial losses. Our clients include investors and institutions invested in the subprime market through principal protected notes (PPMs), collateralized debt obligations (CDOs) or collateralized mortgage obligations (CMOs).

Justice Matters New York City and Suffolk County Offices Free Initial Consultation E-Mail Us

As a former attorney for the SEC in private practice since 1990, lawyer Timothy J. Dennin has taken on Tyco, Merrill Lynch, Salomon Smith Barney, Janney Montgomery Scott, Morgan Stanley Dean Witter and many other brokerage firms and won; he has the skill, tenacity and experience to help you.

What Happened to My Investment?

Lenders allowed people who might otherwise not have qualified to borrow money for homes and other investments. Financial institutions then packaged these risky loans as asset-backed securities and sold them to people like you, to pension funds and to hedge funds.

Most people and brokers do not comprehend complicated derivative investments or the risk involved in investing in CDOs or CMOs or PPMs.

Clients Were Told There Was No Risk

We have clients who were told there was virtually no risk in a PPM investment. Our clients include individuals and institutions who have suffered millions of dollars of losses due to the purchase of unsuitable investments, including PPMs, which gave them a false comfort level, when in fact they were purchasing toxic assets.

Currently investigating Claims of More Than Six Million Dollars

We are currently investigating claims for a group of investors who suffered approximately $6 million in losses due to investments in four closed end bond funds issued by Regions Morgan Keegan.

Contact Us Today for Answers and Understanding — Free Initial Consultations

Are you uncertain how to deal with your losses and to whom to turn? Please call our securities arbitration and litigation law firm at 866-780-0305 in Manhattan or 866-664-8035 in Northport for a free initial consultation to learn how we can help you.

Recent Reported Case Results

  • Securities Litigation: Jeffrey B. Sciallo et al. v. Tyco International Ltd. et al. | Settlement Amount: Subject to a Confidentiality Agreement
  • Financial Advisor Misconduct: Lyons v. Merrill Lynch and Phua Young | NASD Arbitration: Amount Requested: $625,000; Amount Awarded: $621,562, including $240,000 in punitive damages against Merrill Lynch and Phua Young (Merrill Lynch securities analyst) and $125,000 in interest plus expert witness fees.
  • Broker Misconduct: David and Jonathan Libman v. David Garfinkel, First Montauk Securities Corp. et.al. |NASD Arbitration: Amount Requested: $300,000; Amount Awarded: $284,000 plus interest.
  • On-Line Trading Securities Arbitration: Naomi Sayegh v. J. Peter Ricketts, Ameritrade, Inc., Ameritrade Holding, Corp., and Accutrade, Inc. | NASD Arbitration: Amount Requested: $156,000; Amount Awarded $44,600 plus interest
  • Annuities Violations: Nationwide Life Insurance Company v. Helen Constans Christopher Rutland and Barbara Grahams | Amount Awarded: $393,541.76 in compensatory damages and $800,000.00 in punitive damages

Timothy J. Dennin, P.C.
Manhattan Office
270 Madison Avenue, 13th Floor
New York, NY 10016
Phone: 866-664-8035
Fax: 212-688-6457
Map and Directions

Northport Office
316 Main Street
Northport, NY 11768
Phone: 866-780-0305
Fax: 631-261-0395
Map and Directions

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Three Steps to Take

Organize.

Organize your account statements and all documents exchanged with your investment advisor that relate to the investments in question and obtain copies of your new account forms and any amendments thereto reflecting your risk tolerance, investment objectives and investment history.

Prepare.

Prepare a chronology of events detailing what was said when and by whom concerning the investments in question.

Contact.

Contact counsel experienced in securities arbitration and litigation concerning these issues.

Securities Attorney Timothy Dennin

At Timothy J. Dennin, P.C., with offices in Manhattan and in Northport, Long Island, we offer securities-related legal services to domestic investors in New York City, the Bronx, Queens, Brooklyn, Staten Island, Kings County, Queens County, Northport, Montauk, Long Island, Suffolk County, New York, Connecticut, New Jersey, Pennsylvania and nationwide; and international-based private investors and institutions.