New York, NY (Law Firm Newswire) September 29, 2015 - Zamansky LLC announces it is investigating asset-backed securities bonds that may have suffered losses due to the Volkswagen (OTC: VLKAY) emissions scandal.
In particular, the investigation concerns bonds backed by car dealer inventories, known as dealer floorplan ABS such VWMT 2014-1. Car dealers who were told to immediately halt sales of popular 2015 and 2016 models, including Volkswagen’s Jetta and Beetle convertible due to emissions irregularities, may have products that cannot be sold. The full damage of the emissions scandal may not be clear to bondholders for a long time.
Jake Zamansky, securities fraud attorney, states there are as much as $1.25 billion in bonds backed by car dealer inventories that are impacted. He sees parallels to the losses suffered by mortgage-backed securities during 2008 and 2009. These bonds are sold based on their yield and outward appearance of safety, he states. If the disclosures do not sufficiently disclosure the nature or magnitude of the risks, or a financial advisor selling these bonds does not do likewise, then an investor may have been misled into investing in these bonds, he adds. Any investor with losses in these bonds should seek review by a professional, he states.
What Investors Can Do
Investors in a VW car dealer floorplan bond who wish to have an investment reviewed or want to discuss his or her legal rights, may, without obligation or cost to, email jake(at)zamansky(dot)com or call the law firm at (212)742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm specializing in securities, asset-backed, hedge fund and ERISA class action litigation. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com
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New York, NY 10004
Jake Zamansky, 212-742-1414