MAT FIVE INVESTOR ALERT–CITIGROUP/SMITH, BARNEY SECURITIES FRAUD CLAIMS

Investors have recently received a notice of class action settlement in the Mat Five case styled Raymond et al. v. MAT Five, LLC, Case No. 3843-VCL. Investors are encouraged to carefully examine the class settlement providing that investors have until December 5, 2008 to opt OUT of the Class Action. Any Mat Five investor who fails to opt out will be bound by the class action settlement that will provide for an exchange of their interests at current (but unspecified) “Net Asset Value” plus a nickel, less costs and attorneys fees that are also not specified.

Miller & Milove has filed FINRA Arbitration claims on behalf of individual Mat Five victims. Miller & Milove is of the considered belief that the arbitration route provides an opportunity to maximize recovery. While there is no guarantee that an arbitration will yield a greater return, all investors should consider the benefits of filing an individual arbitration claim. MAT Five victims considering opting out of the class action are invited to contact us to discuss proceeding with their claims in arbitration.

If you are a Mat Five fraud victim considering the benefits of arbitration please call us at 619-696-5200.

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