Stockholders v ProShares Trust : ProShares Ultra Financials Fund
Stockholders File Lawsuit Against ProShares Trust : ProShares Ultra Financials Fund
According to a press release dated October 13, 2009, the complaint alleges the Defendants violated the Securities Act by failing to disclose the following risks, inter alia, in the Registration Statement: (1) if UYG Fund shares were held for a time period longer than one day, the likelihood of catastrophic losses was huge; and (2) the extent to which performance of the UYG Fund would inevitably diverge from the performance of the DJUSFI -- i.e., the overwhelming probability, if not certainty, of spectacular divergence.
If you bought ProShares Trust : ProShares Ultra Financials Fund securities and would like to obtain information about the ProShares Trust : ProShares Ultra Financials Fund lawsuit, then you are invited to call Kahn Swick & Foti, LLC toll free at (866) 467-1400 extension 100 to speak with an attorney or visit www.ksfcounsel.com.
