LJM PRESERVATION AND GROWTH FUND (LJMIX, LJMAX, LJMCX) INVESTOR ALERT: Girard Gibbs Investigates Potential Securities Law Vio...
February 15 2018 - 7:10PM
Business Wire
Girard Gibbs LLP is investigating claims on behalf of investors
of LJM Preservation and Growth Fund (LJMIX, LJMAX, LJMCX). The
Mutual Fund, which is marketed and sold as aiming “to preserve
capital, particularly in down markets (including major market
drawdowns), through using put option spreads as a form of
mitigation risk” suffered a massive loss, plunging by more
than 80% on February 7, 2018. On February 8, 2018, the Fund
announced that it would be shutting its doors to new
investment.
To speak privately with an attorney regarding the LJM lawsuit
investigation, click here.
On February 9, 2018, a class action lawsuit was filed on behalf
of LJMIX investors alleging that Defendants violated provisions of
the Securities Act by issuing false and misleading statements to
investors, including in filings with the SEC. Specifically, it is
alleged that Defendants made false and/or misleading statements or
failed to disclose that LJMIX was not focused on capital
preservation and left investors exposed to an unacceptably high
risk of catastrophic losses. In addition, it is alleged that
Defendants violated the law by failing to disclose that LJMIX had
not taken appropriate steps to preserve capital in down
markets.
If you purchased or acquired shares of LJM Preservation and
Growth Fund and would like to speak privately with a securities
attorney to learn more about the investigation and your legal
rights, visit our website or contact the securities team directly
at (800) 254-9493.
About Girard Gibbs
Girard Gibbs LLP is one of the nation’s leading firms
representing individual and institutional investors
in securities litigation to correct abusive corporate
governance practices, breaches of fiduciary duty, and proxy
violations. The firm has recovered over a billion dollars for its
clients against some of the world’s largest corporations, and has
earned Tier-1 rankings and been named in the U.S. Lawyers –
Best Law Firms list for five consecutive years.
This press release may constitute Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.
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Girard Gibbs LLPEileen Epstein,
510-350-9728EJE@CLASSLAWGROUP.COM
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