DENVER, Sept. 23, 2009 (GLOBE NEWSWIRE) -- Dyer & Berens LLP (www.DyerBerens.com) today announced that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of investors who purchased the common shares of DWS RREEF Real Estate Fund, Inc. and DWS RREEF Real Estate Fund II, Inc. (collectively, the "Funds") (NYSE:SRO) (NYSE:SRQ) from March 8, 2007 through November 17, 2008 (the "Class Period"), and who were damaged thereby.
If you purchased Fund shares during the Class Period, you may, no later than October 23, 2009, request that the court appoint you as a lead plaintiff for the class. A lead plaintiff is a class member that acts on behalf of other investors in directing the litigation. Members of the putative class may seek appointment through counsel of their choice, or may choose to do nothing and remain absent class members. Although investors' ability to share in any recovery is not affected by their decision to seek appointment, lead plaintiffs make important decisions which could affect the overall recovery for class members.
For a free consultation regarding your rights and interests as a member of the putative class, you may contact Jeffrey A. Berens, Esq. at (888) 300-3362, (303) 861-1764, or via email at jeff@dyerberens.com.
The complaint charges that the Funds misrepresented their investments, leverage and exposure to the auction rate preferred securities market. Due to defendants' allegedly false and misleading statements, investors purchased their common shares during the Class Period at artificially inflated prices and were damaged thereby. Although Dyer & Berens LLP did not file the complaint in this matter, it specializes in complex class action litigation on behalf of injured investors throughout the nation. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. For more information about the firm, please go to www.DyerBerens.com.