ProShares Trust II (NYSEARCA: SVXY) Investor Securities Class Action Lawsuit 01/29/2019

If you purchased shares of ProShares Trust II (NYSEARCA: SVXY) between May 15, 2017 and February 5, 2018, you have certain options and for certain investors are short and strict deadlines running. Deadline: April 1, 2019. NYSEARCA: SVXY investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
ProShares Trust II
Case Name: 
ProShares Trust II Shareholder Class Action Lawsuit 01/29/2019
Case Status: 
Lawsuit Filed
Affected Securities
NYSEARCA: SVXY
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
01/29/2019
Class Period Begin: 
05/15/2017
Class Period End: 
02/05/2018
Court of Filing: 
U.S. District Court for the Southern District of New York
Deadline To File for Lead: 
04/01/2019
Summary: 

An investor in shares of ProShares Trust II (NYSEARCA: SVXY) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by ProShares Trust II, ProShares Capital Management LLC, certain of their officers and/or directors and the underwriters of ProShares Trust II (NYSEARCA: SVXY) shares offered for sale between May 15, 2017 and February 5, 2018 in connection with certain allegedly false and misleading statements made between May 15, 2017 and February 5, 2018.

Shares of ProShares Trust II (NYSEARCA: SVXY) declined from as high as $139.47 per share on Janaury 11, 2018 to as low as $9.53 per share on February 8, 2018.

According to the complaint the plaintiff alleges on behalf of purchasers of ProShares Trust II (NYSEARCA: SVXY) common shares between May 15, 2017 and February 5, 2018, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that in the Registration Statement and du between May 15, 2017 and February 5, 2018, defendants made false and misleading statements and/or failed to disclose adverse information regarding the risks of investing in the Fund. Specifically, the Registration Statement failed to disclose that the Fund was threatened with catastrophic losses as a result of the Fund’s flawed design and the low-volatility environment and acute liquidity risks that existed during the Class Period. In addition, during the Class Period defendants made substantially similar false and misleading statements as those contained in the Registration Statement in numerous financial reports and draft prospectuses and registration statements filed with the SEC