FBF Fleetboston Financial Corp

Securities Arbitration Law Firm of Klayman & Toskes, P.A. Continues Investigation and Law Suit Seeking More Than $97 Million Against Former Unit of FleetBoston BOCA RATON, Fla., Oct. 29 /PRNewswire/ -- The law firm of Klayman & Toskes, P.A. ("K&T") (http://www.nasd-law.com/), continues to pursue a claim for damages in excess of $97 million before the New York Stock Exchange ("NYSE") filed on behalf of an investor with a concentrated stock position against Robertson Stephens, a former unit of FleetBoston Financial Corporation , and others. On Monday, Bank of America Corp. announced plans to purchase FleetBoston for $43 billion in stock, which will result in the creation of the second largest banking company in the U.S. K&T represents large shareholders with concentrated stock positions in the technology and telecommunications industries. The claims focus on the mismanagement of the concentrated portfolios due to the fact that risk management strategies that were available were not employed. In fact, many investors could have protected the value of their concentrated portfolios with the use of a simple option strategy known as a "zero cost" collar. The sole purpose of this release is to investigate, on behalf of our clients, sales practice violations of licensed brokers at major Wall Street brokerage firms. K&T is pursuing arbitration suits before the New York Stock Exchange and the National Association of Securities Dealers for securities violations including the misuse of stock option plans, failure to supervise, unsuitability claims, misrepresentation and material omissions of fact. We would greatly appreciate any information from investors concerning the method or process used to manage their concentrated holdings. K&T has offices in California, Florida and New York and represents investors throughout the nation. If you wish to discuss this announcement or have information relevant to our lawsuits, please contact Lawrence L. Klayman, Esquire of Klayman & Toskes, P.A., 888-997-9956 or visit us on the web at http://www.nasd-law.com/ . Website: http://www.nasd-law.com DATASOURCE: Klayman & Toskes, P.A. CONTACT: Lawrence L. Klayman, Esquire of Klayman & Toskes, P.A., +1-888-997-9956

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