Cases
Santander Securities, L.L.C. (solicitation of Puerto Rico Municipal Bonds and Close End Funds)
Securities Class Action
Overview
Overview
- Date:
- 6/11/2018
- Company Name:
- Santander Securities, L.L.C.
- Stock Symbol:
- N/A
- Status:
- Closed/Complete
- Court:
- U.S. District Court: Puerto Rico
NEW YORK, April 17, 2018 – Bragar Eagel & Squire, P.C. announces to investors that a class action lawsuit has been filed in the U.S. District Court for the District of Puerto Rice on behalf of all persons or entities who purchased or otherwise acquired Puerto Rico Municipal Bonds, Puerto Rico Closed End Funds, or Puerto Rico Funds from Santander Securities, L.L.C. between December 1, 2012 and October 31, 2013 (the “Class Period”). Investors have until June 11, 2018 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Through the omission or concealment of material facts, in violation of the federal securities laws, Santander solicited and caused the Plaintiffs and other putative Class members (the "Class") to purchase over $180 million worth of Puerto Rico Municipal Bonds ("PRMBs") and $101 million worth of Puerto Rico Closed End Funds ("PRCEFs" or "CEFs") and other Open-End Puerto Rico Funds ("PROEFs") (collectively "PR securities"). The action alleges that, as a result of the foregoing, Class members sustained severe economic losses.
If you purchased or otherwise acquired Puerto Rico Municipal Bonds, Puerto Rico Closed End Funds, or Puerto Rico Funds from Santander Securities, L.L.C. during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
Through the omission or concealment of material facts, in violation of the federal securities laws, Santander solicited and caused the Plaintiffs and other putative Class members (the "Class") to purchase over $180 million worth of Puerto Rico Municipal Bonds ("PRMBs") and $101 million worth of Puerto Rico Closed End Funds ("PRCEFs" or "CEFs") and other Open-End Puerto Rico Funds ("PROEFs") (collectively "PR securities"). The action alleges that, as a result of the foregoing, Class members sustained severe economic losses.
If you purchased or otherwise acquired Puerto Rico Municipal Bonds, Puerto Rico Closed End Funds, or Puerto Rico Funds from Santander Securities, L.L.C. during the Class Period or continue to hold shares purchased prior to the Class Period, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.