SOURCE: Tramont, Guerra and Nunez, P. A.

December 18, 2008 11:00 ET

Notice to All National City Shareholders From the Securities Law Firm of Tramont Guerra Nunez, PA

CORAL GABLES, FL--(Marketwire - December 18, 2008) - The Securities Law Firm of Tramont Guerra & Núñez, PA (TGN) makes an announcement to all National City Corp (NYSE: NCC) shareholders who are prospective class members of class action lawsuit (Case No. 08 CV 02794) which was filed on November 26, 2008. The PNC Financial Services Group, Inc. (NYSE: PNC) who acquired National City on October 24, 2008, is also a named party in the class action for their alleged involvement in the purchase agreement for terms which were at an "inadequate and unfair price" to the detriment of public shareholders. Prospective class members need to determine which legal process is more suitable for them to recover investment losses, either through a class action lawsuit or a securities arbitration claim filed with the Financial Industry Regulatory Authority, (FINRA).

Many investors were advised by their financial advisors that an investment in National City was suitable for risk adverse investors. 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 Sales Practice Rules and Regulations. The recommendation of unsuitable investments and concentrated investments in the financial sector, are both sales practice violations which qualify for damages from a security arbitration claim 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 law firm. To request a confidential consultation from a TGN attorney for investment losses that exceed $100,000 from a full service brokerage account, contact us on our website at To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.

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Contact Information

  • Contact:
    David Chacin, Esquire
    2100 Ponce De Leon Blvd, Penthouse II
    Coral Gables, Florida 33431
    (800) 578-0137

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