Rochester, NY 8/10/2009 8:23:13 PM
SRS - Shalov Stone Bonner & and Rocco LLP Declares Action Against ProShares SRS Proshares Fund
ULTRASHORT REAL ESTA
ULTRASHORT REAL ESTA, SRS
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Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of persons who purchased or otherwise acquired shares in the UltraShort Real Estate Proshares fund, an exchange-traded fund offered by ProShares Trust, pursuant or traceable to ProShares' Registration Statement, Prospectuses, and Statement of Additional Information issued in connection with the SRS Fund's shares.
The lawsuit is pending in the United States District Court for the Southern District of New York. The complaint alleges that the defendants violated the federal securities laws by misrepresenting and failing to disclose material adverse facts. According to the complaint, the defendants failed to disclose exceptional risks associated with the SRS Fund. Investors who purchased shares of SRS Fund may have suffered losses that may be compensable under the law.
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