Puerto Rico Bond Losses - Goodman & Nekvasil, P.A., Is Investigating Investor Claims Concerning Puerto Rico Bonds
Goodman & Nekvasil, P.A., Is Investigating Investor Claims Concerning Puerto Rico Bonds - Puerto Rico Bond Losses
Goodman & Nekvasil, P.A., has been contacted by investors in Puerto Rico Bonds who are very concerned that they have lost some or all their investment. The value of Puerto Rico bonds have fallen considerably. By August 2015, the Puerto Rican government had defaulted on major bond payments. According to a 2017 Bloomberg article, “Prices of the U.S. territory’s bonds have plunged to record lows, signaling investors expect that there will be even less money available to repay its $74 billion of debt.”
Hurricane Maria further damaged the value of Puerto Rico bonds. Reuters reported in 2017 that “The benchmark GO bond, trading in default without a yield, changed hands at just under 60 U.S. cents on the dollar before the storm. On Tuesday it sank to an all-time low of 23.5 cents, according to Thomson Reuters. [Additionally] COFINA senior bonds dropped to 39.75 cents from 59.11 cents the day before Maria hit.”
The Puerto Rico debt crisis has already cost many investors tremendous amounts of money. If you purchased your Puerto Rico Bonds from a licensed financial advisor, Goodman & Nekvasil, P.A. can help you. CNBC reports that data compiled by Securities Litigation & Consulting Group (SLCG) shows that more than $329 million in settlements and awards have been paid to [investors] in the four years ended Oct. 10, 2017.
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has filed hundreds of cases against brokerage firms selling high-risk investments such as Puerto Rico Bonds and has recovered more than $180 million dollars on behalf of victimized investors.
All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis.
This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
If you incurred losses on your investment in Puerto Rico Bonds and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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