SOURCE: Shalov Stone Bonner & Rocco LLP

Shalov Stone Bonner & Rocco LLP

August 26, 2009 12:25 ET

Shalov Stone Bonner & Rocco LLP Announces Class Action Against DWS RREEF Real Estate Fund, Inc.

NEW YORK, NY--(Marketwire - August 26, 2009) - Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of persons or entities who purchased the common shares of DWS RREEF Real Estate Fund, Inc. (NYSE: SRQ) (AMEX: SRQ) or DWS RREEF Real Estate Fund II, Inc. (NYSE: SRO) (AMEX: SRO) (collectively, the "Funds") during the period from March 8, 2007 through November 17, 2008 (the "Class Period), and who were damaged thereby. The lawsuit is pending in the United States District Court for the Southern District of New York.

The complaint alleges that the defendants violated the federal securities laws by misrepresenting and failing to disclose material adverse facts. According to the complaint, the defendants failed to disclose exceptional risks associated with the Funds. As a result of the defendants' false and misleading statements, investors purchased the Funds' common stock at artificially inflated prices and were damaged thereby.

The complaint further alleges that the defendants issued disclosures that caused investors to realize that distributions would cease. As a result, the Funds' prices dropped and have never recovered. Investors who invested in the Funds' common stock may have suffered losses that may be compensable under the law.

Shalov Stone Bonner & Rocco LLP has extensive experience in the prosecution of lawsuits on behalf of investors. For more information about the firm, please visit its website at: www.lawssb.com

If you purchased the common shares of DWS RREEF Real Estate Fund, Inc. or DWS RREEF Real Estate Fund II, Inc. and would like additional information about your rights, please contact investor rights attorney Amanda C. Scuder, at Shalov Stone Bonner & Rocco LLP, 485 Seventh Avenue, Suite 1000, New York, New York 10018 (telephone: (212) 239-4340; email: ascuder@lawssb.com).

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