SOURCE: Bernstein Liebhard LLP

November 24, 2009 18:41 ET

Certain ProShares ETF Funds Submission Deadlines for Investors Announced by Bernstein Liebhard LLP

NEW YORK, NY--(Marketwire - November 24, 2009) - Bernstein Liebhard LLP has filed a case against ProShares Trust ("ProShares") concerning ProShares' DXD (NYSE: DXD) fund. This complaint alleges that ProShares, as well as others, violated the Securities Act of 1933 by failing to disclose the following risks, inter alia, in the Registration Statement, Prospectuses, and Statements of Additional Information issued in connection with shares of the DXD fund: (1) if shares of the DXD fund were held for a time period longer than one day, the likelihood of catastrophic losses was huge; and (2) the extent to which performance of the DUG fund would inevitably diverge from the performance of its benchmark -- i.e., the overwhelming probability, if not certainty, of spectacular divergence.

The current lead plaintiff deadlines for two of the ProShares funds are as follows:


A "lead plaintiff" is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as lead plaintiff. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Bernstein Liebhard LLP, or other counsel of your choice, to serve as your counsel in this action.

Bernstein Liebhard is also investigating claims on behalf of investors in all other ProShares leveraged funds (see list below).

Fund                                               Ticker
UltraShort QQQ                                    NYSE: QID
UltraShort Russell3000                            NYSE: TWQ
UltraShort MidCap400                              NYSE: MZZ
UltraShort SmallCap600                            NYSE: SDD
UltraShort Russell2000                            NYSE: TWM
UltraPro Short S&P500                             NYSE: SPXU
UltraShort Russell1000 Value                      NYSE: SJF
UltraShort Russell1000 Growth                     NYSE: SFK
UltraShort Russell MidCap Value                   NYSE: SJL
UltraShort Russell MidCap Growth                  NYSE: SDK
UltraShort Russell2000 Value                      NYSE: SJH
UltraShort Russell2000 Growth                     NYSE: SKK
UltraShort Basic Materials                        NYSE: SMN
UltraShort Consumer Goods                         NYSE: SZK
UltraShort Consumer Services                      NYSE: SCC
UltraShort Health Care                            NYSE: RXD
UltraShort Industrials                            NYSE: SIJ
UltraShort Semiconductors                         NYSE: SSG
UltraShort Technology                             NYSE: REW
UltraShort Telecommunications                     NYSE: TLL
UltraShort Utilities                              NYSE: SDP
UltraShort MSCI EAFE                              NYSE: EFU
UltraShort MSCI Europe                            NYSE: EPV
UltraShort MSCI Pacific ex-Japan                  NYSE: JPX
UltraShort MSCI Brazil                            NYSE: BZQ
UltraShort MSCI Japan                             NYSE: EWV
UltraShort MSCI Mexico Investable Market          NYSE: SMK
UltraShort 7-10 Year Treasury                     NYSE: PST
UltraShort 20+ Year Treasury                      NYSE: TBT
UltraShort DJ-UBS Commodity                       NYSE: CMD
UltraShort Gold                                   NYSE: GLL
UltraShort Silver                                 NYSE: ZSL
UltraShort Euro                                   NYSE: EUO
UltraShort Yen                                    NYSE: YCS
Ultra QQQ                                         NYSE: QLD
Ultra Dow30                                       NYSE: DDM
Ultra S&P500                                      NYSE: SSO
Ultra Russell3000                                 NYSE: UWC
Ultra MidCap400                                   NYSE: MVV
Ultra SmallCap600                                 NYSE: SAA
Ultra Russell2000                                 NYSE: UWM
UltraPro S&P500                                   NYSE: UPRO
Ultra Russell1000 Value                           NYSE: UVG
Ultra Russell1000 Growth                          NYSE: UKF
Ultra Russell MidCap Value                        NYSE: UVU
Ultra Russell MidCap Growth                       NYSE: UKW
Ultra Russell2000 Value                           NYSE: UVT
Ultra Russell2000 Growth                          NYSE: UKK
Ultra Basic Materials                             NYSE: UYM
Ultra Consumer Goods                              NYSE: UGE
Ultra Consumer Services                           NYSE: UCC
Ultra Health Care                                 NYSE: RXL
Ultra Industrials                                 NYSE: UXI
Ultra Oil & Gas                                   NYSE: DIG
Ultra Real Estate                                 NYSE: URE
Ultra Semiconductors                              NYSE: USD
Ultra Technology                                  NYSE: ROM
Ultra Telecommunications                          NYSE: LTL
Ultra Utilities                                   NYSE: UPW
Ultra DJ-UBS Commodity                            NYSE: UCD
Ultra DJ-UBS Crude Oil                            NYSE: UCO
Ultra Gold                                        NYSE: UGL
Ultra Silver                                      NYSE: AGQ
Ultra Euro                                        NYSE: ULE
Ultra Yen                                         NYSE: YCL
Ultra MSCI EAFE                                   NYSE: EFO
Ultra MSCI Emerging Markets                       NYSE: EET
Ultra FTSE/Xinhua China 25                        NYSE: XPP
Ultra MSCI Japan                                  NYSE: EZJ

If you purchased or otherwise acquired shares in the DXD or DIG funds or any of the funds listed above, and either lost money on the transaction or still hold the shares, please contact Christian Siebott or Joseph R. Seidman, Jr. at (877) 779-1414.

Bernstein Liebhard has pursued hundreds of securities and consumer cases and recovered approximately $2 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last seven years.

You can view a copy of the DXD complaint online at, or obtain a copy from the clerk of the court for the United States District Court for the Southern District of New York.

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414

ATTORNEY ADVERTISING. © 2009 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information

  • Contact Information
    Christian Siebott
    Joseph R. Seidman, Jr.
    Bernstein Liebhard LLP
    (212) 779-1414