Contact Information: Jeffrey S. Abraham, Esq. Philip T. Taylor, Esq. Abraham, Fruchter & Twersky, LLP One Penn Plaza, Suite 2805 New York, New York 10119 Tel: (212) 279-5050 fax: (212) 279-3655
Abraham, Fruchter & Twersky, LLP Files Class Action Lawsuit Against Wachovia Corporation and Others With Respect to the Evergreen Fixed Income Trust
| Source: Abraham, Fruchter & Twersky, LLP
NEW YORK, NY--(Marketwire - August 4, 2008) - Abraham, Fruchter & Twersky, LLP commenced a
class action lawsuit in the United States District Court for the District
of Massachusetts (the "Court") on behalf of a class (the "Class") of all
persons who purchased shares of the Evergreen Ultra Short Opportunities
Fund (the "Fund") pursuant to the Registration Statement/Prospectus from
August 17, 2007 until June 18, 2008. The claims asserted arise Section 11
and 12(a)(2) of the Securities Act of 1933, 15 U.S.C. §§77k and 77l(a)(2),
and have been asserted against: Wachovia Corporation, Evergreen Fixed
Income Trust, Evergreen Distributor, Inc., Dennis H. Ferro and Kasey
Phillips (the "Defendants").
The complaint alleges that the Defendants solicited and sold shares based
upon materially false and misleading statements concerning the calculation
of the Fund's net asset value ("NAV"). The Fund's NAV was valued at
artificially inflated prices resulting in the sale and redemption of the
Fund's shares to the Class at incorrect prices. Plaintiff and the Class
were harmed by the Defendants' false and misleading statements in causing
them to pay improperly inflated prices and also by redeeming shares of
other selling shareholders at inflated prices.
If you are a member of the Class, you may, no later than August 22, 2008,
request that the Court appoint you as lead plaintiff. A lead plaintiff is
a representative party that acts on behalf of other class members in
directing the litigation. In order to be appointed lead plaintiff, you
must meet certain legal requirements including the Court's determination
that the class representative's claim is typical of the claims of other
class members, and that the class representative will adequately represent
the class. Under certain circumstances, one or more class members may
together serve as "lead plaintiffs."
The attorneys at Abraham, Fruchter & Twersky, LLP have extensive experience
in securities class action cases. If you would like to discuss this action
or have any questions concerning this notice or your rights as a potential
Class member or lead plaintiff, you may contact: Jeffrey S. Abraham or
Philip T. Taylor of Abraham, Fruchter & Twersky, LLP, One Penn Plaza, Suite
2805, New York, New York 10119, by telephone at (212) 279-5050, by
facsimile at (212) 279-3655 or by e-mail at jabraham@aftlaw.com,
ptaylor@aftlaw.com.