(MENAFNEditorial) iCrowdNewswire - Feb 19, 2018
OAKLAND, Calif. -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 risksuffered 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,.
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 ouror 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 into 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 thelist for five consecutive years.
This press release may constitute Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contact Information:
Girard Gibbs LLP
Eileen Epstein, 510-350-9728
MENAFN1902201800703403ID1096484613
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.