Wednesday, November 2, 2011

DBS High Notes Investors Lose Appeal



It is sad that the retail investors lost the appeal with cost. This means that they lost their investment and also have to pay their lawyer's fees. So, their loss is compounded.

Singapore Investors Lose Bid to Recoup $14 Million Lehman-Related Losses

The Bloomberg article did not mean the words "with cost". I remember reading it in the newspapers.  I believe that this meant that the investors also have to pay the legal fees of DBS Bank (but I need someone to confirm this fact).

In contrast, read this Good News for Pinnacle Notes Investors