Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

U.Y.G. Why? You Ain’t Got No Alibi, You’re Ugly

You knew these were coming down the pike!

It was only a matter of time…

NEW YORK, NY, Oct 13 (MARKET WIRE) – Bernstein Liebhard LLP filed a class action lawsuit on October 13, 2009 in the United States District Court for the Southern District of New York, on behalf of all persons who purchased or otherwise acquired shares in the Ultra Financials Fund (the “UYG Fund”) (NYSE: UYG), an exchange-traded fund (”ETF”) offered by ProShares Trust (”ProShares”), pursuant or traceable to ProShares’ false and misleading Registration Statement, Prospectuses, and Statements of Additional Information
(collectively, the “Registration Statement”) issued in connection with shares of the UYG Fund (the “Class”). The Class is seeking to pursue remedies under Sections 11 and 15 of the Securities Act of 1933 (the “Securities Act”).

Here are the items the law firm believes that ProShares failed to disclose:

(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.

This will be interesting to say the least…

Read Also:  SKF: The E! True Hollywood Story


Tags: ,

Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!