OAKLAND, Calif., Feb 15, 2018 (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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180215006496/en/
SOURCE: Girard Gibbs LLP
Girard Gibbs LLP
Eileen Epstein, 510-350-9728
EJE@CLASSLAWGROUP.COM
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