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The Latest UPS Headlines
Retired UPS employee files $4M suit
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<blockquote data-quote="cheryl" data-source="post: 830632" data-attributes="member: 1"><p><strong><a href="http://www.bizjournals.com/atlanta/news/2011/04/25/retired-ups-employee-files-4m-suit.html" target="_blank">Retired UPS employee files $4M suit - Atlanta Business Chronicle</a></strong></p><p></p><p>Klayman & Toskes has sued Merrill Lynch on behalf of a retired United Parcel Service Inc. employee over losses stemming from keeping a concentrated leveraged position in UPS stock.</p><p></p><p>The Boca Raton, Fla.-based securities arbitration law firm said it filed the suit with the Financial Industry Regulatory Authority’s Office of Dispute Resolution and is seeking $4 million in damages.</p><p></p><p>The unnamed claimant worked for Atlanta-based UPS (NYSE: BAC) for 36 years and accumulated UPS shares through the package shipper’s employee stock purchase plan and managers incentive program. The shares were virtually his entire life savings, the law firm said.</p></blockquote><p></p>
[QUOTE="cheryl, post: 830632, member: 1"] [B][URL="http://www.bizjournals.com/atlanta/news/2011/04/25/retired-ups-employee-files-4m-suit.html"]Retired UPS employee files $4M suit - Atlanta Business Chronicle[/URL][/B] Klayman & Toskes has sued Merrill Lynch on behalf of a retired United Parcel Service Inc. employee over losses stemming from keeping a concentrated leveraged position in UPS stock. The Boca Raton, Fla.-based securities arbitration law firm said it filed the suit with the Financial Industry Regulatory Authority’s Office of Dispute Resolution and is seeking $4 million in damages. The unnamed claimant worked for Atlanta-based UPS (NYSE: BAC) for 36 years and accumulated UPS shares through the package shipper’s employee stock purchase plan and managers incentive program. The shares were virtually his entire life savings, the law firm said. [/QUOTE]
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