Finkelstein Thompson LLP is investigating potential claims on behalf of purchasers of auction rate securities.  News reports indicate investors in these securities have had their investments "frozen," meaning those investors cannot withdraw the money they invested.  If this affects you, Finkelstein Thompson LLP welcomes inquiries concerning your rights and interests.

According to the Wall Street Journal, auction rate securities are "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.  Recently, however, multiple auctions for these securities have failed, meaning current holders are unable to sell their securities and are therefore unable to liquidate their investments.  According to some estimates, the failure rate runs as high as 70%. 

News reports indicate Goldman Sachs, Lehman Brothers, and Merrill Lynch (among others) may have sold these securities.  If you wish to discuss your rights and interests as an investor in auction rate securities, please contact our Washington, D.C. office toll-free at (877) 337-1050 or by This email address is being protected from spam bots, you need Javascript enabled to view it .