NAPLES, Fla., Dec. 23, 2009 (GLOBE NEWSWIRE) -- Gilman and Pastor LLP is investigating claims on behalf of all persons who purchased or otherwise acquired shares in the ProShares UltraShort DJ AIG Crude Oil (NYSE:SCO); Ultra Oil & Gas (NYSE:DIG); and UltraShort Basic Materials (NYSE:SMN). 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 (collectively, the "Registration Statement"). The Plaintiffs seek a Class and Subclasses for the ProShares Fund purchased by the Plaintiffs. The Class is seeking recovery for investors under Sections 11 and 15 of the Securities Act of 1933 (the "Securities Act").
If you bought shares 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. at (239) 221-8269, or via email at kgilman@gilmanpastor.com. You can also join this class action online at http://proshares-lawsuit.com. Lead Plaintiff motion papers must be filed with the U.S. District Court for the Southern District of New York by the following deadlines:
December 28, 2009 ProShares SCO Fund January 4, 2010 ProShares DIG Fund February 1, 2010 ProShares SMN Fund
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.