PLANTATION, Fla., Feb. 21, 2012 (GLOBE NEWSWIRE) -- Attorney Advertising -- The Law Firm of David A. Weintraub, P.A. ("DAW") (www.stockbrokerlitigation.com) announces its investigation related to Banc of America Securities LLC / Merrill Lynch, Pierce, Fenner & Smith Incorporated and their parents' failure to disclose to investors that the lowest tranches of its loans may have been worthless when sold to investors in July 2007. As part of our investigation, we are attempting to determine whether Banc of America Securities intentionally or recklessly failed to disclose these risks to investors. On January 31, 2012, a panel of FINRA Arbitrators awarded LCM investors $1,134,791.24, inclusive of rescissionary interest, as well as attorneys fees and costs. This award was rendered against Merrill Lynch. DAW did not represent the investors in this arbitration.
DAW believes that certain institutional and retail investors may be able to recover damages arising from their investments in LCM, VII Ltd. and Bryn Mawr CLO II Ltd. In order to discuss legal options and/or the possibility of pursuing claims in arbitration or litigation, investors may contact David A. Weintraub, P.A. at 800.718.1422. You may also visit us on the web at www.stockbrokerlitigation.com .
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