Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues Investigation and Law Suit Seeking More Than $97 Million Aga

Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues
Investigation and Law Suit Seeking More Than $97 Million Against Former Unit of
FleetBoston 


BOCA RATON, Fla., Oct. 29  /PRNewswire/ -- The law firm of Klayman & Toskes,
P.A. ("K&T") (http://www.nasd-law.com/), continues to pursue a claim for damages
in excess of $97 million before the New York Stock Exchange ("NYSE") filed on
behalf of an investor with a concentrated stock position against Robertson
Stephens, a former unit of FleetBoston Financial Corporation , and others. On
Monday, Bank of America Corp.  announced plans to purchase FleetBoston for $43
billion in stock, which will result in the creation of the second largest
banking company in the U.S.

K&T represents large shareholders with concentrated stock positions in the
technology and telecommunications industries.  The claims focus on the
mismanagement of the concentrated portfolios due to the fact that risk
management strategies that were available were not employed.  In fact, many
investors could have protected the value of their concentrated portfolios with
the use of a simple option strategy known as a "zero cost" collar.

The sole purpose of this release is to investigate, on behalf of our clients,
sales practice violations of licensed brokers at major Wall Street brokerage
firms.  K&T is pursuing arbitration suits before the New York Stock Exchange and
the National Association of Securities Dealers for securities violations
including the misuse of stock option plans, failure to supervise, unsuitability
claims, misrepresentation and material omissions of fact.  We would greatly
appreciate any information from investors concerning the method or process used
to manage their concentrated holdings.

K&T has offices in California, Florida and New York and represents investors
throughout the nation.  If you wish to discuss this announcement or have
information relevant to our lawsuits, please contact Lawrence L. Klayman,
Esquire of Klayman & Toskes, P.A., 888-997-9956 or visit us on the web at
http://www.nasd-law.com/ . 

Website:  http://www.nasd-law.com 

DATASOURCE: Klayman & Toskes, P.A.



CONTACT:  Lawrence L. Klayman, Esquire of Klayman & Toskes, P.A.,

[phone]

Copyright