GOODMAN & NEKVASIL, P.A.,RECOVERING INVESTOR LOSSES – TOYS-“R”-US ALERT: TOYS-“R”-US 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 Toys-“R”-Us.
Forbes reports that “Toys-“R”-Us” has been crippled by debt since Toys-“R”-Us was acquired by private equity firms KKR and Bain Capital, plus real estate company Vornado Realty Trust, in a $6.6 billion leveraged buyout in 2005.”
According to the New York Times, “Toys-“R”-Us joins a wave of retail bankruptcies this year, including the children’s retailer Gymboree, Payless ShoeSource and rue21, which sells clothing for teenagers. Other retailers have closed thousands of stores and laid off tens of thousands of workers as they try to cut costs and compete with e-commerce.”
Even though high yield or junk bonds, notes, limited partnership units, and stock issued by Toys-“R”-Us have considerable risk, overzealous brokers, brokerage firms and registered investment advisors have nonetheless recommended Toys-“R”-Us and these types of investments to conservative investors seeking income. We believe that investors in Toys-“R”-Us lost a significant amount of their savings when Toys-“R”-Us filed for bankruptcy.
Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments such as Toys-“R”-Us, and has recovered more than $170 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 Toys-“R”-Us 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.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.
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 Toys-“R”-Us bankruptcy or your ownership of these investments in any way.
If you incurred losses on your investment in Toys-“R”-Us 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.
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