SOURCE: Brower Piven, A Professional Corporation

June 18, 2008 15:53 ET

Brower Piven Announces the Filing of a Class Action Lawsuit Against Fidelity Ultra-Short Bond Fund

BALTIMORE, MD--(Marketwire - June 18, 2008) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the District of Massachusetts on behalf of purchasers of the Fidelity Ultra-Short Bond Fund ("Fund") (NASDAQ: FUSFX) who purchased the Fund between June 6, 2005 and June 5, 2008, inclusive (the "Class Period").

The complaint charges Fidelity Management & Research Company ("Company") and certain related entities, among others, with violations of the Securities Act of 1933. The Company is the investment advisor to the entire group of mutual funds under the Fidelity name.

No class has yet been certified in the above action. If you are a member of the proposed Class, you may, no later than August 4, 2008, ask the Court to allow you to serve as lead plaintiff for the proposed Class. To serve as a lead plaintiff, you must satisfy certain legal requirements. In making your decision, you should take into account that those with large financial losses resulting from the alleged federal securities law violations are given preference in being appointed lead plaintiff.

If you have suffered a net loss for all transactions in the Fidelity Ultra-Short Bond Fund during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven (without obligation or cost to you) at www.browerpiven.com, by email at hoffman@browerpiven.com, by calling 410-986-0036, or at Brower Piven, The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at Brower Piven have combined experience in securities and class action litigation of over 40 years. If you choose to retain counsel, you may retain Brower Piven, or you may retain other counsel of your choice.

Contact Information

  • CONTACT:
    Charles J. Piven
    Brower Piven, A Professional Corporation
    Baltimore, Maryland
    Telephone: 410/986-0036
    Email Contact