Goodman & Nekvasil, P.A. May Recover Investor Losses | LBI Media, Inc. Files for Bankruptcy
Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments, including LBI Media, Inc.
According to the LBI Media, Inc. bankruptcy docket report, customers possibly invested in 10% Senior Secured Notes Due 2023 (Guarantor) AND 11.5%/13.5% PIK Toggle Second Priority Secured Notes Due 2020 (Guarantor).
Even though high yield or junk bonds, notes, limited partnership units, and stock issued by LBI Media, Inc. have considerable risk, overzealous brokers, brokerage firms and registered investment advisors have nonetheless recommended LBI Media, Inc. and these types of investments to conservative investors seeking income. We believe that investors in LBI Media, Inc. lost a significant amount of their savings when LBI Media, Inc. filed for bankruptcy.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments such as LBI Media, Inc. and has recovered well over $180 million dollars on behalf of victimized investors. We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives. All our cases are handled on a purely contingency fee basis.
You may have the right to recover your losses from the brokerage firm that sold LBI Media, Inc. and other high-risk investments to you. We strongly recommend that you act quickly, however, because statutes of limitation can be short in securities cases.
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. Finally, the filing of such a case should not affect your rights as a creditor in the LBI Media, Inc. bankruptcy or your ownership of these investments in any way.
If you incurred losses on your investment in LBI Media, Inc. and/or other high-risk investments 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.