SOURCE: Tramont Guerra & Nunez, PA

June 03, 2009 18:00 ET

Notice to All BankUnited Financial Corporation Shareholders From the Securities Law Firm of Tramont Guerra & Nunez, PA

CORAL GABLES, FL--(Marketwire - June 3, 2009) - The Securities Law Firm of Tramont Guerra & Núñez, PA (TGN) makes an announcement to all BankUnited Financial Corporation (NASDAQ: BKUNA) shareholders. BankUnited Financial Corporation, the former holding company of BankUnited FSB, filed Chapter 11 Bankruptcy protection on May 22, 2009, the day after BankUnited FSB was closed by the Office of Thrift Supervision. BankUnited FSB emerged as a newly chartered federal savings bank as the result of a deal facilitated between the FDIC and a consortium of investors. BankUnited Financial Corporation had been the subject of a class action lawsuit (Case No. 08 CV 22572) which was filed on September 16, 2008 in the U.S. District Court for the Southern District of Florida. Prospective class members/former BankUnited shareholders should consider whether an individual securities arbitration claim filed with the Financial Industry Regulatory Authority (FINRA) is more effective than a class action for recovery of their investment losses.

Many investors were advised by their financial advisors that an investment in BankUnited Financial Corporation was a suitable investment, and some investors maintained concentrated positions in BankUnited stock. These concentrated positions may have exposed investors to unnecessary and uncompensated risk. Brokerage firms are obligated to give and investors are entitled to rely upon brokerage firms for, competent, suitable investment advice in accordance with the FINRA regulations. Recommendations of unsuitable investments and/or concentrated investments in the financial sector are both causes of action that form the basis for individual securities arbitration claims filed with FINRA. In some cases, shareholders must "opt-out" as a class member in order to pursue a securities arbitration claim, otherwise this legal option is not available.

The Securities Law Firm of Tramont Guerra & Núñez, PA, is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from a TGN attorney to assist you in determining whether you have a viable individual claim for investment losses that exceed $100,000 from a full service brokerage account, contact us on stock market loss lawyer. To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.

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