SOURCE: Shalov Stone Bonner & Rocco LLP

Shalov Stone Bonner & Rocco LLP

August 21, 2009 16:20 ET

Shalov Stone Bonner & Rocco LLP Announces Class Action Against ProShares' UltraShort Financials Proshares Fund - SKF

NEW YORK, NY--(Marketwire - August 21, 2009) - Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of persons who purchased or otherwise acquired shares in the UltraShort Financials Proshares fund (the "SKF Fund") (NYSE: SKF) (PCX: SKF), an exchange-traded fund offered by ProShares Trust, pursuant or traceable to ProShares' Registration Statement, Prospectuses, and Statements of Additional Information (collectively, the "Registration Statement") issued in connection with the SKF Fund's shares. 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 SKF Fund. Investors who purchased shares of SKF Fund 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:

If you purchased SKF Fund shares 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:

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