Legal Opinion
In Re ProShares Trust Sec. Litig.
Court of Appeals for the Second Circuit
Decided July 22, 2013No. Docket 12-3981PublishedCited by 63 opinions
1Opinion of the Court
WESLEY, Circuit Judge:
In this putative class action, Plaintiffs collectively purchased shares in forty-four leveraged ProShares exchange-traded funds (“ETFs”) during the August 6, 2006 through June 23, 2009 class period. Third Amended Complaint (“TAC”) ¶¶ 1-2. They seek to hold Defendants-Appellees ProShares Trust and ProShares Trust II (collectively, “ProShares”) liable for material omissions and misrepresentations in the prospectuses for those ETFs pursuant to sections 11 and 15 of the Securities Act of 1933 (“'33 Act”), 15 U.S.C. §§ 77k & 77o. 1
A. Exchange-Traded Funds
In a series of press…
2Cases cited16 opinions
- Basic Inc. v. LevinsonSupreme Court of the United States · 1988
- TSC Industries, Inc. v. Northway, Inc.Supreme Court of the United States · 1976
- Matrixx Initiatives, Inc. v. SiracusanoSupreme Court of the United States · 2011
- In Re Morgan Stanley Information Fund SecuritiesCourt of Appeals for the Second Circuit · 2010
- Gustave Gerstle, (Cross-Appellants) v. Gamble-Skogmo, Inc., (Cross-Appellee)Court of Appeals for the Second Circuit · 1973
11 more not listed; retrieve them via the Exa API.
3Cited by63 opinions
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- In re Braskem S.A. Securities LitigationDistrict Court, S.D. New York · 2017
- Fort Worth Employees' Retirement Fund v. J.P. Morgan Chase & Co.District Court, S.D. New York · 2014
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