Zamansky LLC Announces Its Investigation of Sales of LifeCare Holdings' Bonds by Brokerage Firms And Financial Advisors

Zamansky LLC announces its investigation of sales of LifeCare Holdings' bonds by brokerage firms and financial advisors. In December 2012, LifeCare filed for bankruptcy defaulting on repayment of its senior debt.

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New York, New York (PRWEB) September 24, 2013

Zamansky LLC announces its investigation of sales of LifeCare Holdings' bonds by brokerage firms and financial advisors. Before its bankruptcy, LifeCare Holdings Inc., based in Plano, Texas, ran 27 hospitals in 10 states with 4,500 employees. The investigation concerns allegations whether investors who purchased LifeCare bonds knew the true financial condition of the company, or whether the bond was suitable for them.

On December 11, 2012, Bloomberg News reported that LifeCare Holdings filed for bankruptcy protection. According to Bloomberg, one of the largest unsecured creditors of LifeCare were the subordinated noteholders.

According to investment fraud attorney Jacob Zamansky, bonds in small companies such as LifeCare Holdings are very risky and speculative. The financial health and prospects of small companies like LifeCare can change drastically in an instant, Zamansky states. Long-term investors seeking safe or conservative fixed income investing should be careful when investing in small companies such as LifeCare Holdings, he says, because the bond may be unsuitable.

What LifeCare Bond Investors Can Do

If you invested in the LifeCare Bonds through a brokerage firm or financial, and would like to have your situation reviewed or discuss your legal rights, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.

To learn more about Zamansky, please visit our website, http://www.zamansky.com.

About Zamansky LLC

Zamansky LLC is one of the leading securities fraud law firms specializing in securities class actions and FINRA securities arbitration. We are stock fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.

To learn more about Zamansky, please visit our website, http://www.zamansky.com.

Contacts

Zamansky & Associates, LLC
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414
jake(at)zamansky(dot)com


Contact

  • Jacob Zamansky
    Zamansky & Associates LLC
    212-742-1414
    Email