SOURCE: Gilman and Pastor, LLP

March 16, 2011 12:07 ET

Gilman and Pastor LLP Announces an Update on the Direxion Class Action Lawsuits

BOSTON, MA--(Marketwire - March 16, 2011) - Gilman and Pastor LLP has been appointed co-lead counsel to represent the proposed class in the consolidated class action proceeding concerning certain exchange-traded funds ("ETFs") issued by Direxion entitled In re Direxion Shares ETF Trust Securities Litigation. The case is currently pending in the United States District Court of the Southern District of New York. 

Please contact our office toll-free at (877) 428-7374 or email if you would like additional information concerning the suit or have purchased any of the following Direxion funds during the calendar year 2008 and/or prior to April 30, 2009 and intend to seek compensation for any losses:

Direxion Financial Bear 3X Shares (FAZ)
Direxion Energy Bear 3x Shares (ERY)
Direxion Financial Bull 3x Shares (FAS)
Direxion Large Cap Bear 3x Shares (BGZ)
Direxion Large Cap Bull 3x Shares (BGU)
Direxion Small Cap Bear 3x Shares (TZA)

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. 

Contact Information