NEW YORK, Feb. 23, 2010 (GLOBE NEWSWIRE) -- Pomerantz Haudek Grossman & Gross LLP is representing investors of ProShares Funds in several class actions. The Firm is also investigating claims against ProShares Ultra Basic Materials Fund (NYSE:UYM), the ProShares UltraShort Russell MidCap Value Fund (NYSE:SJL) and the ProShares UltraShort Russell2000 Growth Fund (NYSE:SKK), collectively ("the Funds"). The investigation is on behalf of all persons who purchased or otherwise acquired shares in the Funds, exchange-traded funds ("ETF") offered by ProShares Trust ("ProShares"), pursuant or traceable to ProShares' false and misleading Registration Statement, Prospectuses, and Statements of Additional Information issued in connection with the Fund's shares.
Those who invested are advised to contact Teresa Webb at 888-476-6529 or 212-661-1100 or tlwebb@pomlaw.com. Pomerantz has prosecuted securities fraud claims for 70 years, and is regarded as one of the country's premier class action firms. The firm has offices in New York City, Chicago, Washington, D.C., Burlingame, CA. and Columbus, Ohio.