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Name | Symbol | Market | Type |
---|---|---|---|
ProShares UltraShort FTSE China 50 | AMEX:FXP | AMEX | Exchange Traded Fund |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.16 | -5.63% | 19.40 | 19.5226 | 19.28 | 19.42 | 35,966 | 00:59:57 |
DEADLINE FOR PLAINTIFF SUBMISSIONS
November 3, 2009 ProShares EEV Fund
November 23, 2009 ProShares DUG, UYG, SDS, SCO and FXP Funds
November 30, 2009 ProShares DXD Fund
The ProShares Funds are exchange-traded funds ("ETF") offered by ProShares Trust ("ProShares") and Plaintiffs and class members were damaged pursuant or traceable to ProShares' false and misleading Registration Statement, Prospectuses, and Statements of Additional Information. The Plaintiffs seek a Class and Subclasses for each of the Funds purchased by the Plaintiffs. The Class is seeking recovery for investors under Sections 11 and 15 of the Securities Act of 1933 (the "Securities Act").
ProShares sells its UltraShort ETFs as "simple" directional plays. As marketed by ProShares, UltraShort ETFs are designed to go up when markets go down. The Funds correspond to twice the inverse (-200%) daily performance or twice the performance of a designated benchmark Index. The complaint alleges the Defendants violated the Securities Act by failing to disclose that the Funds are altogether defective as a securities product and as directional investment play.
If you bought shares in any of the ProShares Funds and either lost in excess of $200,000.00 or still hold the shares, and would like to consider serving as lead plaintiff or have any questions about the lawsuit, please contact Kenneth G. Gilman, Esq. of Gilman and Pastor, at (888) 252-0048, or via email at info@gilmanpastor.com.
A Lead Plaintiff is a court-appointed representative for absent class members. You do not need to seek appointment as Lead Plaintiff to share in any class recovery in this action. You may retain counsel of your choice to represent you in this action.
If you are a member of this class you can view a copy of the complaint, obtain more information and join in the class action online at http://www.proshares-lawsuit.com.
Plaintiffs are represented by the law firm Gilman and Pastor LLP. Gilman and Pastor LLP is one of the country's premier national law firms that represent institutional and individual investors in class action, complex securities and corporate governance litigation. The firm has been a champion of investor rights for over 30 years and has been recognized for its reputation for excellence by the courts.
CONTACT: Kenneth G. Gilman, Esq. Attorney Gilman and Pastor, LLP 28100 Bonita Grande Drive Suite 105 Bonita Springs, FL 34135 kgilman@gilmanpastor.com (888) 252-0048 (508) 291-3258 Fax www.gilmanpastor.com
1 Year ProShares UltraShort FTS... Chart |
1 Month ProShares UltraShort FTS... Chart |
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