New York, New York (PRWEB) April 03, 2013
Zamansky & Associates LLC announces that it is updating its investigation of Apple structured notes in view of the recent Goldman Sachs’ downgrade. On April 2, 2012, Forbes reported that Goldman Sachs’ analyst Bill Shope downgraded Apple by removing Apple from the firm’s Conviction Buy List. The reasons he cited for the downgrade were “the recent product cycle has not driven the market share and new user growth he had anticipated,” and that Apple “may fall short of consensus expectations in the March and June quarters.” The lowered target price for the year was $575.
Previously, on January 29, 2012, CNN Money reported that Goldman Sachs sold $30 million of Apple structured notes the day before the company announced its earnings. At the time of the sale, Bill Shope, Goldman's analyst, was predicting that the company's shares would climb to $760 within 12 months. The day after the earnings report, he lowered his Apple price target to $600.
On February 1, 2013, Zamansky & Associates LLC announced that it had begun an investigation of Apple structured products sold by Wall Street firms. According to Jake Zamansky, Goldman Sachs’ downgrade is further evidence of the potential dangers to investors of Apple structured notes. “Apple structured bonds or notes are high risk investments that are not appropriate for retail customers,” Zamansky states. If any investor was sold an Apple structured note, he or she should consider whether the investment was suitable and whether they were advised of the risks before the investment.
For more information, see Zamansky’s blog, Falling Apple’s Price Causes Collateral Damage.
What Apple Structured Note Holders Can Do
If you would like to discuss your legal rights and how you might recover your losses from Apple structured notes, you may, without obligation or cost to you, email jake(at)zamansky(dot)com or call the law firm at (212) 742-1414.
About Zamansky & Associates
Zamansky & Associates LLC is one of the leading law firms specializing in securities fraud and financial services arbitration and class action litigation. We represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover losses.
Zamansky & Associates, LLC
50 Broadway - 32nd Floor
New York, NY 10004
Jake Zamansky, 212-742-1414