retired upser filing lawsuit against merrill lynch

Discussion in 'UPS Partners' started by quietquilter, May 13, 2011.

  1. quietquilter

    quietquilter New Member

    is there any information regarding the retiree who filed the lawsuit, i would like to discuss this
     
  2. beentheredonethat

    beentheredonethat Well-Known Member

    I haven't heard anything outside the article. I think it's ridiculous about the lawsuit. He should lose, and he should pay to the other sides lawyers fees. He shouldn't get all the benefit of hyping his money and making a lot of money as the stock grows, but be able to sue, when his leveraged position catches him with his pants down.
     
  3. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Isn't this why you always see a disclaimer on investment products--"Invest wisely as you may lose money".
     
  4. quietquilter

    quietquilter New Member

    You are exactly right.....i am a retired management person.....and i had a hypo as well, but when you borrow you pay back and you dont get caught like this. There is no way he was not advised of his position by Merrill Lynch. I share you opinion 100%
     
  5. brownmonster

    brownmonster Man of Great Wisdom

    This is the same kind of guy who sues McDonalds because he has fat kids.