6 Days Left to Meet PACS Deadline: Kessler Topaz Meltzer & Check, LLP Reminder
Investors who purchased shares of the ProShares UltraShort QQQ ETF may be interested to know that a filing deadline is approaching in a class action lawsuit. This lawsuit alleges that ProShares failed to disclose certain risks associated with an investment in the ETF. If you bought shares between April 15, 2020 and July 31, 2021, you may be eligible to participate in the lawsuit.
The class action lawsuit claims that ProShares did not adequately disclose the risks involved with investing in the ETF. Specifically, the lawsuit alleges that ProShares failed to disclose the extent to which the ETF was not designed to track the inverse of the performance of the NASDAQ-100 Index. The lawsuit also claims that ProShares failed to disclose the risks associated with holding the ETF for longer periods of time.
If you purchased shares of the ProShares UltraShort QQQ ETF during the specified period and suffered losses, you may be eligible to join the class action lawsuit. The deadline to file a lead plaintiff motion is approaching, so it’s important to act quickly if you wish to participate in the lawsuit.
It’s essential to remember that participating in a class action lawsuit can help investors recover some of their losses. By joining forces with other investors who have suffered similar losses, you may have a better chance of achieving a favorable outcome in the case.
If you believe you may be eligible to participate in the class action lawsuit against ProShares, it’s crucial to speak with an attorney who can help you understand your rights and options. Don’t miss the filing deadline – reach out for legal help today.
