Credit Suisse (CS)

Investors who purchase or otherwise acquired Credit Suisse VelocityShares Daily Inverse VIX Short Term Exchange traded notes during the Class Period.

Credit Suisse VelocityShares Daily Inverse VIX Short Term Exchange Traded Notes.

The complaint alleges that the ProShares’ Defendants filed numerous financial reports and draft prospectuses and/or registration statements with the SEC during the Class Period that contained misstatements. Specifically, the Class Period filings failed to disclose that the Fund was certain to suffer catastrophic losses when faced with significant market turbulence as a result of the Funds flawed design and the low-volatility environment and acute liquidity risks that existed during the Class Period.

Class action on behalf of all persons or entities who purchased shares of ProShares Short VIX Short-Term Futures ETF pursuant to the May 15, 2017 registration statement, seeking to pursue remedies under the Securities Act of 1933, and/or during the period from May 15, 2017 to February 5, 2018, inclusive, seeking to pursue remedies under the Securities Exchange Act of 1934.

Plaintiff Law Firm: Robbins Geller Rudman & Dowd LLP