On or around 07/29/2020 (Date of last review)
Filing Date: July 28, 2020
According to the Complaint, ProShares Ultra Bloomberg Crude Oil ("UCO") is an exchange traded fund purportedly designed to reflect the performance of crude oil as measured by the price of West Texas Intermediate (“WTI”) sweet, light crude oil futures contracts traded on the New York Mercantile Exchange. ETFs like UCO provide one of the primary means investors can gain exposure to fluctuations in oil prices.
This is a federal securities class action on behalf of all investors who purchased or otherwise acquired UCO securities from March 6, 2020 and April 27, 2020, inclusive. The Complaint alleges that during the Class Period, Defendants (i) made false and misleading statements and (ii) failed to disclose adverse facts known to them about UCO, and that as a result of Defendants’ material misrepresentations and omissions during the Class Period, Plaintiff and members of the Class suffered billions of dollars in losses.
Company & Securities Information
Defendant: ProShares Ultra Bloomberg Crude Oil
Industry: Investment Services
Headquarters: United States
Ticker Symbol: UCO
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Luciano Di Scala, et al. v. ProShares Ultra Bloomberg Crude Oil, et al.
COURT: S.D. New York
DOCKET #: 20-CV-05865
JUDGE: Hon. Naomi Reice Buchwald
DATE FILED: 07/28/2020
CLASS PERIOD START: 03/06/2020
CLASS PERIOD END: 04/27/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Block & Leviton LLP (Boston)
First Identified Complaint (FIC) Filings:
Class Action Complaint for Violation of the Federal Securities Laws
U.S. District Court Civil Docket
—Reference Complaint Complaint Related Data is not available
Related District Court Filings
—Related District Court Filings Data is not available