Bernstein Liebhard LLP Announces That 18 Days Remain for Investors in ProShares Ultrashort Real Estate ProShares Fund (SRS) to M
September 17 2009 - 5:00PM
Marketwired
Bernstein Liebhard filed an action (the "SRS Action") on behalf of
investors (the "Class") in ProShares Ultrashort Real Estate
ProShares Fund ("ProShares SRS") on August 27, 2009.
In addition to filing claims concerning ProShares SRS (NYSE:
SRS), Bernstein Liebhard is also looking into claims on behalf of
investors in ProShares Trust ("ProShares") leveraged funds (the
"Funds") (see list below), such as whether ProShares failed to
disclose in its registration statements: (i) that if shares of the
Funds were held for a time period longer than one day, the
likelihood of massive losses was huge; and (ii) the extent to which
performance of the Funds would invariably diverge from the
performance of the benchmark.
Fund Ticker
UltraShort QQQ (NYSE: QID)
UltraShort Dow30 (NYSE: DXD)
UltraShort S&P500 (NYSE: SDS)
UltraShort Russell3000 (NYSE: TWQ)
UltraShort MidCap400 (NYSE: MZZ)
UltraShort SmallCap600 (NYSE: SDD)
UltraShort Russell2000 (NYSE: TWM)
UltraPro Short S&P500 (NYSE: SPXU)
UltraShort Russell1000 Value (NYSE: SJF)
UltraShort Russell1000 Growth (NYSE: SFK)
UltraShort Russell MidCap Value (NYSE: SJL)
UltraShort Russell MidCap Growth (NYSE: SDK)
UltraShort Russell2000 Value (NYSE: SJH)
UltraShort Russell2000 Growth (NYSE: SKK)
UltraShort Basic Materials (NYSE: SMN)
UltraShort Consumer Goods (NYSE: SZK)
UltraShort Consumer Services (NYSE: SCC)
UltraShort Financials (NYSE: SKF)
UltraShort Health Care (NYSE: RXD)
UltraShort Industrials (NYSE: SIJ)
UltraShort Oil & Gas (NYSE: DUG)
UltraShort Real Estate (NYSE: SRS)
UltraShort Semiconductors (NYSE: SSG)
UltraShort Technology (NYSE: REW)
UltraShort Telecommunications (NYSE: TLL)
UltraShort Utilities (NYSE: SDP)
UltraShort MSCI EAFE (NYSE: EFU)
UltraShort MSCI Emerging Markets (NYSE: EEV)
UltraShort MSCI Europe (NYSE: EPV)
UltraShort MSCI Pacific ex-Japan (NYSE: JPX)
UltraShort MSCI Brazil (NYSE: BZQ)
UltraShort FTSE/Xinhua China 25 (NYSE: FXP)
UltraShort MSCI Japan (NYSE: EWV)
UltraShort MSCI Mexico Investable Market (NYSE: SMK)
UltraShort 7-10 Year Treasury (NYSE: PST)
UltraShort 20+ Year Treasury (NYSE: TBT)
UltraShort DJ-UBS Commodity (NYSE: CMD)
UltraShort DJ-UBS Crude Oil (NYSE: SCO)
UltraShort Gold (NYSE: GLL)
UltraShort Silver (NYSE: ZSL)
UltraShort Euro (NYSE: EUO)
UltraShort Yen (NYSE: YCS)
Ultra QQQ (NYSE: QLD)
Ultra Dow30 (NYSE: DDM)
Ultra S&P500 (NYSE: SSO)
Ultra Russell3000 (NYSE: UWC)
Ultra MidCap400 (NYSE: MVV)
Ultra SmallCap600 (NYSE: SAA)
Ultra Russell2000 (NYSE: UWM)
UltraPro S&P500 (NYSE: UPRO)
Ultra Russell1000 Value (NYSE: UVG)
Ultra Russell1000 Growth (NYSE: UKF)
Ultra Russell MidCap Value (NYSE: UVU)
Ultra Russell MidCap Growth (NYSE: UKW)
Ultra Russell2000 Value (NYSE: UVT)
Ultra Russell2000 Growth (NYSE: UKK)
Ultra Basic Materials (NYSE: UYM)
Ultra Consumer Goods (NYSE: UGE)
Ultra Consumer Services (NYSE: UCC)
Ultra Financials (NYSE: UYG)
Ultra Health Care (NYSE: RXL)
Ultra Industrials (NYSE: UXI)
Ultra Oil & Gas (NYSE: DIG)
Ultra Real Estate (NYSE: URE)
Ultra Semiconductors (NYSE: USD)
Ultra Technology (NYSE: ROM)
Ultra Telecommunications (NYSE: LTL)
Ultra Utilities (NYSE: UPW)
Ultra DJ-UBS Commodity (NYSE: UCD)
Ultra DJ-UBS Crude Oil (NYSE: UCO)
Ultra Gold (NYSE: UGL)
Ultra Silver (NYSE: AGQ)
Ultra Euro (NYSE: ULE)
Ultra Yen (NYSE: YCL)
Ultra MSCI EAFE (NYSE: EFO)
Ultra MSCI Emerging Markets (NYSE: EET)
Ultra FTSE/Xinhua China 25 (NYSE: XPP)
Ultra MSCI Japan (NYSE: EZJ)
Plaintiff in the SRS Action seeks to recover damages on behalf
of all Class members who purchased or otherwise acquired shares of
ProShares SRS. If you purchased or otherwise acquired ProShares SRS
shares, and either lost money on the transaction or still hold the
shares, you may wish to join in the action to serve as lead
plaintiff. In order to do so, you must meet certain requirements
set forth in the applicable law and file appropriate papers no
later than October 5, 2009.
A "lead plaintiff" is a representative party that acts on behalf
of other class members in directing the litigation. In order to be
appointed lead plaintiff, the court must determine that the class
member's claim is typical of the claims of other class members, and
that the class member will adequately represent the class. Under
certain circumstances, one or more class members may together serve
as lead plaintiff. Your ability to share in any recovery is not,
however, affected by the decision whether or not to serve as a lead
plaintiff. You may retain Bernstein Liebhard LLP, or other counsel
of your choice, to serve as your counsel in this action.
If you purchased or otherwise acquired shares in any of the
Funds listed above, and either lost money on the transaction or
still hold the shares, please call our office to discuss your
rights.
If you would like to discuss the SRS Action, claims concerning
the Funds, or if you have any questions concerning this Notice,
please contact Christian Siebott or Joseph R. Seidman, Jr. at (877)
779-1414.
Bernstein Liebhard has pursued hundreds of securities and
consumer cases and recovered approximately $2 billion for its
clients. It has been named to The National Law Journal's
"Plaintiffs' Hot List" in each of the last six years.
You can view a copy of the SRS Action complaint online at
http://www.bernlieb.com, or obtain it from the court.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2009 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New York 10016, (212) 779-1414.
Prior results do not guarantee or predict a similar outcome with
respect to any future matter.
Contact Information: Christian Siebott Joseph R. Seidman, Jr.
Bernstein Liebhard LLP http://www.bernlieb.com (212) 799-1414
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