News reports indicate that individuals who purchased auction rate securities from H&R Block Financial Advisors Inc. or Northern Trust Corp. and who have not been able to withdraw the money they invested may not benefit from any current settlements or litigation concerning auction rate securities. Finkelstein Thompson LLP welcomes inquiries from such investors concerning their rights and interests.

According to the Wall Street Journal, auction rate securities were "marketed as money-market alternatives." Indeed, many brokerage firms placed auction rate securities in the "cash equivalent" column of their customer's monthly account statements. When auctions for these securities failed, current holders were unable to sell their securities and were therefore unable to liquidate their investments.

If you wish to discuss your rights and interests, please contact our Washington, D.C. office toll-free at (877) 337-1050 or by email.