Attention MGM Resorts Employees/Investors | KlaymanToskes
Summary
The investigation focuses on full-service brokerage firms’ negligence and failure to supervise the management of concentrated, leveraged positions in MGM stock. Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Since trading as high as 34.64 per share in January 2020, the price of MGM stock dropped to 5.90 on March 18, 2020, a decline of nearly 83%. The sole purpose of this release is to investigate whether strategies deployed by full-service brokerage firms were suitable for MGM employees and investors with concentrated, leveraged stock positions. MGM shareholders who held accounts at full-service brokerage firms, and have information relating to the manner in which the firm handled their concentrated, leveraged portfolios, are encouraged to contact Lawrence L. Klayman, Esq., at (561) 542-5131, and download our Special Investor Report.