LORDSTOWN MOTORS CORP CLASS ACTION ALERT: Securities Law Firm KlaymanToskes Comments on Recent Class Action Lawsuit in Electric Vehicle Truck Manufacturer

LORDSTOWN MOTORS CORP CLASS ACTION ALERT: Securities Law Firm KlaymanToskes Comments on Recent Class Action Lawsuit in Electric Vehicle Truck Manufacturer

Boca Raton, Florida — March 22, 2021 — The Securities Law Firm of KlaymanToskes (“KT”) provides a Lordstown Motors Corp. (NASDAQ:RIDE) Alert to shareholders concerning the Class Action Lawsuit (Case 21-CV-00616) filed March 18, 2021 in the United States District Court of the Northern District of Ohio, Youngstown Division, for the class period from August 3, 2020 and March 17, 2021.   Lordstown Motors Corp. is a nascent company with a limited history of operating as manufacturer of Electric Vehicle (EV) trucks.  According to the class action lawsuit, “Throughout the Class Period, Defendants made materially false and misleading statements regarding the…

SEC Charges Broker-Dealers and Investment Advisory Firms for the Sales of Complex Exchange-Traded Products With More than $3 Million Returned to Retail Investors

SEC Charges Broker-Dealers and Investment Advisory Firms for the Sales of Complex Exchange-Traded Products With More than $3 Million Returned to Retail Investors

The securities industry watchdog, the Securities and Exchange Commission (“SC”) filed settled actions against three investment advisory firms and two dually-registered broker-dealer and advisory firms for violations that related to unsuitable sales of complex exchange-traded products (“ETFs”) to retail investors for the period between January 2016 and April 2020. According to SEC, “The actions were filed against American Portfolios Financial Services/American Portfolios Advisors Inc., Benjamin F. Edwards & Company Inc., Royal Alliance Associates Inc., Securities America Advisors Inc., and Summit Financial Group Inc. – will result in the return of over $3 million to harmed investors’.  According to a news release by the SEC on…

ATTENTION CUSTOMERS WITH ACCOUNTS SERVICED BY FINANCIAL ADVISOR JOSEPH IJONG CHU – KlaymanToskes Files FINRA Arbitration Claim against Merrill Lynch and RBC Seeking $1,000,000 on Behalf of Investors

ATTENTION CUSTOMERS WITH ACCOUNTS SERVICED BY FINANCIAL ADVISOR JOSEPH IJONG CHU – KlaymanToskes Files FINRA Arbitration Claim against Merrill Lynch and RBC Seeking $1,000,000 on Behalf of Investors

KlaymanToskes (“KT”) announces that it recently filed a claim for breach of fiduciary duty seeking $1,000,000 against Merrill Lynch (NYSE: BAC) and RBC Capital Markets (“RBC”) on behalf of investors who had discretionary accounts mishandled by Joseph Ijong Chu (“Chu”).  A discretionary account is one that allows an authorized broker, in this case Chu, to buy and sell securities without client consent on each trade and is based on a client consent granting this authorization in writing.  This type of relationship is especially one of trust. According to the claim, the investors gave Chu discretion to invest their hard-earned savings…

ATTENTION EXERCISE AND HOLD STRATEGY INVESTORS WITH EMPLOYER COMPANY STOCK:  KlaymanToskes Commences Investigation into Full-service Brokerage Firms for Mismanagement of Concentrated, Leveraged Positions in Employer Company Stock

ATTENTION EXERCISE AND HOLD STRATEGY INVESTORS WITH EMPLOYER COMPANY STOCK: KlaymanToskes Commences Investigation into Full-service Brokerage Firms for Mismanagement of Concentrated, Leveraged Positions in Employer Company Stock

National investment fraud law firm, KlaymanToskes (“KT”), commences an investigation into full-service brokerage firms for the mismanagement of concentrated, company stock positions accumulated through employer sponsored plans.  The investigation focuses on whether full-service brokerage firm recommendations for an “exercise and hold” strategy represents unsuitable investment advice and a failure to supervise the management of concentrated, leveraged positions in employer company stock. Investment portfolios holding large concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan.  Full-service brokerage firms whose customers hold large concentrated stock positions have a duty to ensure that their customers understand the risks…

GPB CAPITAL INVESTOR ALERT: KlaymanToskes Continues to Investigate and Pursue Millions of Dollars in FINRA Arbitration Claims for Investors

GPB CAPITAL INVESTOR ALERT: KlaymanToskes Continues to Investigate and Pursue Millions of Dollars in FINRA Arbitration Claims for Investors

National investor fraud law firm, KlaymanToskes (“KT”), continues to investigate and pursue FINRA arbitration claims on behalf of investors who were solicited to purchase millions of dollars of private placement securities in GPB Capital Holdings (“GPB”) in the form of notes.  Brokerage firms were required to perform due diligence prior to recommending GPB to their customers and the failure to do so may result in liability.  More than 60 broker-dealers sold GPB funds, including Ascendant Alternative Strategies, LLC, Royal Alliance Associates Inc., Sagepoint Financial Inc., FSC Securities Corp., and Woodbury Financial Services Inc. Investors who have lost more than $100,000…

ATTENTION ELDORADO RESORTS EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Eldorado Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION ELDORADO RESORTS EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Eldorado Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Eldorado Resorts (NASDAQ:ERI) (“Eldorado”) who held large, unhedged concentrated positions in Eldorado stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Eldorado stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms whose…

ATTENTION CAESARS ENTERTAINMENT EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Caesars Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION CAESARS ENTERTAINMENT EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Caesars Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Caesars Entertainment (NASDAQ:CZR) (“Caesars”) who held large, unhedged concentrated positions in Caesars stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Caesars stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms whose…

ATTENTION WYNN RESORTS EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Wynn Resorts Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION WYNN RESORTS EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Wynn Resorts Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Wynn Resorts (NASDAQ:WYNN) who held large, unhedged concentrated positions in Wynn Resorts stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Wynn Resorts stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms…

ATTENTION MGM RESORTS EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in MGM Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION MGM RESORTS EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in MGM Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of MGM Resorts International (NYSE:MGM) (“MGM”) who held large, unhedged concentrated positions in MGM stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in MGM stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms…

ATTENTION LAS VEGAS SANDS EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Las Vegas Sands Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION LAS VEGAS SANDS EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Las Vegas Sands Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Las Vegas Sands (NYSE:LVS) who held large, unhedged concentrated positions in Las Vegas Sands stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Las Vegas Sands stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan.…

ATTENTION CEDAR FAIR EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Cedar Fair Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION CEDAR FAIR EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Cedar Fair Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Cedar Fair (NYSE:FUN) who held large, unhedged concentrated positions in Cedar Fair stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Cedar Fair stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms…

ATTENTION SIX FLAGS EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Six Flags Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION SIX FLAGS EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Six Flags Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Six Flags Entertainment (NYSE:SIX) (“Six Flags”) who held large, unhedged concentrated positions in Six Flags stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Six Flags stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan.…

ATTENTION PENN NATIONAL GAMING EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Penn National Gaming Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION PENN NATIONAL GAMING EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Penn National Gaming Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Penn National Gaming (NASDAQ:PENN) who held large, unhedged concentrated positions in Penn National Gaming stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Penn National Gaming stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan.…

ATTENTION LIVE NATION ENTERTAINMENT EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Live Nation Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION LIVE NATION ENTERTAINMENT EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Live Nation Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Live Nation Entertainment (NYSE:LYV) (“Live Nation”) who held large, unhedged concentrated positions in Live Nation stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Live Nation stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan.…

ATTENTION WALT DISNEY COMPANY EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Disney Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION WALT DISNEY COMPANY EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Disney Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of The Walt Disney Company (NYSE:DIS) (“Disney”) who held large, unhedged concentrated positions in Disney stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Disney stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage…

ATTENTION ALASKA AIR EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Alaska Air Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION ALASKA AIR EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Alaska Air Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Alaska Air (NYSE:ALK) who held large, unhedged concentrated positions in Alaska Air stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Alaska Air stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms…

ATTENTION SOUTHWEST AIRLINES EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Southwest Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION SOUTHWEST AIRLINES EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Southwest Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Southwest Airlines (NYSE:LUV) (“Southwest”) who held large, unhedged concentrated positions in Southwest stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Southwest stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms whose…

ATTENTION DELTA AIRLINES EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in Delta Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION DELTA AIRLINES EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Delta Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of Delta Airlines (NYSE:DAL) (“Delta”) who held large, unhedged concentrated positions in Delta stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in Delta stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms whose…

ATTENTION UNITED AIRLINES EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in United Airlines Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION UNITED AIRLINES EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in United Airlines Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of United Airlines (NASDAQ:UAL) who held large, unhedged concentrated positions in United Airlines stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in United Airlines stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms…

ATTENTION AMERICAN AIRLINES EMPLOYEES/INVESTORS:  KlaymanToskes Commences Investigation into Damages Sustained in American Airlines Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

ATTENTION AMERICAN AIRLINES EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in American Airlines Stock held with Full-Service Brokerage Firms During Coronavirus Pandemic

KlaymanToskes (“KT”), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of American Airlines (NASDAQ:AAL) who held large, unhedged concentrated positions in American Airlines stock and/or received margin calls resulting in the forced sale of stock.  The recent losses were the result of unsuitable advice during the Coronavirus (“COVID-19”) pandemic.  The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in American Airlines stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms…