(Marketwire) — 09/29/09 — Gilman and Pastor LLP filed a class action lawsuit on September 21, 2009 in the United States District Court for the District of Maryland, on behalf of Plaintiffs and all persons who purchased or otherwise acquired shares in the following ProShares Funds: UltraShort Real Estate Fund (AMEX: SRS); UltraShort Financials (AMEX: SKF); UltraShort Oil and Gas (AMEX: DUG); Ultra Financials (AMEX: UYG); UltraShort S&P 500 (AMEX: SDS); UltraShort Emerging Markets (AMEX: EEV); UltraShort FTSE/Xinhua (AMEX: FXP); UltraShort DJ – AIG – Crude Oil (AMEX: SCO) (collectively hereinafter referred to as the “ProShares Funds”). The ProShares Funds are exchange-traded funds (“ETF”) offered by ProShares Trust (“ProShares”) and Plaintiffs and class members were damaged pursuant or traceable to ProShares’ false and misleading Registration Statement, Prospectuses, and Statements of Additional Information.
If you have lost in excess of $200,000 in any of the ProShares Funds and would like to consider serving as lead plaintiff or have any questions about the lawsuit, please contact Kenneth G. Gilman, Esq. of Gilman and Pastor, at (888) 252-0048, or via email at [email protected]. Lead Plaintiff motion papers must be filed with the U.S. District Court for the District of Maryland by the following deadlines:
October 5, 2009 ProShares (SRS) Fund
October 20, 2009 ProShares (SKF) Fund
November 4, 2009 ProShares (EEV) Fund
November 24, 2009 ProShares (DUG), (UYG), (SDS), (FXP), (SCO) Funds
A Lead Plaintiff is a court-appointed representative for absent class members. You do not need to seek appointment as Lead Plaintiff to share in any class recovery in this action. If you are a class member and there is a recovery for the class, you can share in that recovery as an absent class member. You may retain counsel of your choice to represent you in this action.
If you are a member of this class you can view a copy of the complaint and join this class action online at http://www.proshares-lawsuit.com/.
Plaintiffs are represented by the law firm Gilman and Pastor LLP. Gilman and Pastor LLP is one of the country’s premier national law firms that represent institutional and individual investors in class action, complex securities and corporate governance litigation. The firm has been a champion of investor rights for over 30 years and has been recognized for its reputation for excellence by the courts.