ProShares announced today that on September 10, 2012, the United States
District Court for the Southern District of New York dismissed, in its
entirety, the class action lawsuit filed against the Company in 2009.
The court rejected the plaintiffs' claim that certain risks associated
with holding leveraged and inverse ETFs for periods longer than one day
were omitted from the disclosures set forth in the registration
statements.
“We have maintained since the beginning of this case that the
allegations were wholly without merit, and we are pleased that the
claims have been dismissed in their entirety,” said Amy Doberman,
ProShares' General Counsel. “ProShares has demonstrated a long-standing
commitment to educating investors about our products and
See full press release
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