The Securities Arbitration Law Firm of Klayman & Toskes (“K&T”),
, announced today that it is investigating potential claims on behalf of Comstock Resources, Inc. (NYSE: CRK) shareholders who held concentrated positions in Comstock Resources stock with full-service Wall Street brokerage firms. For the year 2010, Comstock Resources declined 40% ending the year at $24.56 per share. As a result, many Comstock Resources shareholders who held concentrated positions in Comstock Resources sustained substantial losses.
Unfortunately, many Comstock Resources shareholders who held concentrated positions in Comstock Resources stock were never advised by their full-service brokerage firms of the risks associated with owning a concentrated account. Investors who held concentrated positions on margin faced even greater risks. Additionally, despite having a duty to do so, many firms failed to explain how the use of risk management strategies, like a zero-cost collar, protective put options, stop loss orders and/or an exchange fund, could have been utilized to protect the concentrated Comstock Resources stock positions.
Comstock Resources shareholders who sustained investment losses as a result of holding a concentrated position in Comstock Resources can contact K&T to explore their legal rights and options. The attorneys at K&T are dedicated to pursuing claims on behalf of investors who have suffered investment losses. K&T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms.
If you wish to discuss this announcement or have investment losses of $100,000 or more in Comstock Resources stock, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman & Toskes, P.A., at 888-997-9956 or visit us on the web at