The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against ProShares Ultra Bloomberg Crude Oil (UCO)
Shareholders with $1,000,000 in losses or more are encouraged to contact the firm
The Law Offices of Frank R. Cruz reminds investors of the upcoming September 28, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased ProShares Ultra Bloomberg Crude Oil (“UCO” or the “Fund”) (NYSEArca: UCO) securities between March 6, 2020 and April 27, 2020, inclusive (the “Class Period”).
If you are a shareholder who suffered a loss, click here to participate.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that extraordinary market volatility caused by decreased demand for oil from the coronavirus pandemic and increased oil supply and diminished oil prices caused