Shalov Stone Bonner & Rocco LLP Announces Class Action Against DWS RREEF Real Estate Fund, Inc.
August 26 2009 - 12:25PM
Marketwired
Shalov Stone Bonner & Rocco LLP announces that a class action
lawsuit has been filed on behalf of persons or entities who
purchased the common shares of DWS RREEF Real Estate Fund, Inc.
(NYSE: SRQ) (AMEX: SRQ) or DWS RREEF Real Estate Fund II, Inc.
(NYSE: SRO) (AMEX: SRO) (collectively, the "Funds") during the
period from March 8, 2007 through November 17, 2008 (the "Class
Period), and who were damaged thereby. 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 Funds. As a result
of the defendants' false and misleading statements, investors
purchased the Funds' common stock at artificially inflated prices
and were damaged thereby.
The complaint further alleges that the defendants issued
disclosures that caused investors to realize that distributions
would cease. As a result, the Funds' prices dropped and have never
recovered. Investors who invested in the Funds' common stock may
have suffered losses that may be compensable under the law.
Shalov Stone Bonner & Rocco LLP has extensive experience in
the prosecution of lawsuits on behalf of investors. For more
information about the firm, please visit its website at:
www.lawssb.com
If you purchased the common shares of DWS RREEF Real Estate
Fund, Inc. or DWS RREEF Real Estate Fund II, Inc. and would like
additional information about your rights, please contact investor
rights attorney Amanda C. Scuder, at Shalov Stone Bonner &
Rocco LLP, 485 Seventh Avenue, Suite 1000, New York, New York 10018
(telephone: (212) 239-4340; email: ascuder@lawssb.com).
Attorney advertising. Prior results do not guarantee a similar
outcome.
CONTACT: Amanda C. Scuder - Attorney SHALOV STONE BONNER &
ROCCO LLP Telephone: (212) 239-4340 Facsimile: (212) 239-4310
Email: Email Contact http://www.lawssb.com
Scudder Rreef RE Ii (AMEX:SRO)
Historical Stock Chart
From Aug 2024 to Sep 2024
Scudder Rreef RE Ii (AMEX:SRO)
Historical Stock Chart
From Sep 2023 to Sep 2024