A lawsuit was filed on behalf of investors in ProShares Trust II (NYSEARCA: SVXY) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 02/13/2019 -- An investor, who purchased shares of ProShares Trust II (NYSEARCA: SVXY), filed a lawsuit over alleged Securities Laws violations by ProShares Trust II, ProShares Capital Management LLC, certain of their officers and/or directors and the underwriters of ProShares Trust II (NYSEARCA: SVXY) shares offered for sale between May 15, 2017 and February 5, 2018 in connection with certain allegedly false and misleading statements made between May 15, 2017 and February 5, 2018.
Investors who purchased shares of ProShares Trust II (NYSEARCA: SVXY) between May 15, 2017 and February 5, 2018 have certain options and for certain investors are short and strict deadlines running. Deadline: April 1, 2019. NYSEARCA: SVXY investors should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
Shares of ProShares Trust II (NYSEARCA: SVXY) declined from as high as $139.47 per share on January 11, 2018 to as low as $9.53 per share on February 8, 2018.
The plaintiff claims that in the Registration Statement and du between May 15, 2017 and February 5, 2018, defendants made false and misleading statements and/or failed to disclose adverse information regarding the risks of investing in the Fund. Specifically, the Registration Statement failed to disclose that the Fund was threatened with catastrophic losses as a result of the Fund's flawed design and the low-volatility environment and acute liquidity risks that existed during the Class Period. In addition, during the Class Period defendants made substantially similar false and misleading statements as those contained in the Registration Statement in numerous financial reports and draft prospectuses and registration statements filed with the SEC.
Those who purchased shares of ProShares Trust II (NYSEARCA: SVXY) have certain options and should contact the Shareholders Foundation.
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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