Business News • MarketWire • ProShares Ultra Basic Materials (UYM) Submission Deadline for Investors Announced by Bernstein Liebhard LLP |
ProShares Ultra Basic Materials (UYM) Submission Deadline for Investors Announced by Bernstein Liebhard LLP |
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ProShares Ultra Basic Materials (UYM) Submission Deadline for Investors Announced by Bernstein Liebhard LLP
NEW YORK, NY--(Marketwire - January 14, 2010) - Bernstein Liebhard LLP has filed cases (the
"Complaints") against ProShares Trust ("ProShares") concerning ProShares'
SRS, SKF, UYG, DUG, DXD, and SMN funds (the "Funds"). These complaints
allege that ProShares, as well as others, violated the Securities Act of
1933 by failing to disclose the following risks, inter alia, in the
Registration Statement, Prospectuses, and Statements of Additional
Information issued in connection with shares of the Funds: (1) if shares of
the Funds 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 Funds would inevitably diverge from the performance of its benchmark --
i.e., the overwhelming probability, if not certainty, of spectacular
divergence.
View More : http://www.marketwire.com/mw/release.do?id=1102211&sourceType=3
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