Shepherd, Finkelman, Miller & Shah, LLP (“SFMS”) announces that a class action lawsuit has been filed in the United States District Court for the Northern District of Illinois (1:18-cv-01039) against LJM Funds Management, Ltd. and its executives (collectively, “the Company”). The case seeks remedies under the Securities Act of 1933 (the “Securities Act”) and is brought on behalf of a class consisting of all persons who purchased shares of the LJM Preservation and Growth Fund (“LJMIX”) (MUTF: LJMIX) between February 28, 2015 and February 7, 2018, inclusive (the “Class Period”). If you would like to discuss this action or have any questions regarding this notice or your rights, please contact Jonathan Dilger (email@example.com); toll-free (866) 540-5505 or directly at (212) 419-0156.
The Complaint alleges that, throughout the Class Period, the Company made false and/or misleading statements including that “[t]he Fund aims to preserve capital, particularly in down markets (including major market drawdowns), through using put option spreads as a form of mitigation risk. In truth, however, LJMIX was not focused on capital preservation and left investors exposed to an unacceptably high risk of catastrophic losses.”
On February 5, 2018, the S&P 500 fell by over 4%. As a result, LJMIX precipitously plummeted from $9.82 on February 2 down to $1.94 on February 7, reflecting an astounding 80% approximate loss.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN AN ATTORNEY. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS TIME. If you purchased or otherwise acquired shares of the LJM Preservation and Growth Fund during the Class Period, we encourage you to contact us with any questions prior to the April 10, 2018 lead plaintiff motion deadline.
SFMS is recognized as an accomplished firm in the areas of securities, corporate governance, antitrust and employee benefits litigation with offices in California, Connecticut, Florida, New Jersey, New York, and Pennsylvania, as well as affiliate offices in London, England and Milan, Italy. SFMS has recovered hundreds of millions of dollars on behalf of investors. For more information, visit us at http://www.sfmslaw.com.
Jonathan Dilger firstname.lastname@example.org
Shepherd, Finkelman, Miller & Shah, LLP
Telephone: toll free (866) 540-5504; directly (212) 419-0156