Energy News / Shareholders Foundation, Inc.

NYSEARCA:SVXY Investor Alert: Deadline on April 1, 2019 in Lawsuit Against ProShares Trust II

Via: ReleaseWire

Updated 11:30 AM CDT, Wed, March 27,2019

A Deadline is coming up on April 1, 2019 in the lawsuit for investors in ProShares Trust II (NYSEARCA: SVXY) and NYSEARCA: SVXY stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 03/27/2019 -- The Shareholders Foundation announces that a deadline is coming up on April 1, 2019 in the lawsuit filed for certain investors of ProShares Trust II (NYSEARCA: SVXY) over alleged securities laws violations by ProShares Trust II.

Investors who purchased shares of ProShares Trust II (NYSEARCA: SVXY) have certain options and there are strict and short deadlines running. Deadline: April 1, 2019. NYSEARCA: SVXY stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers 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. 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.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

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.

For more information on this press release visit:
http://www.sbwire.com/press-releases/nysearcasvxy-investor-alert-deadline-on-april-1-2019-in-lawsuit-against-proshares-trust-ii-1182527.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com