Zamansky LLC Investigates the LJM Preservation and Growth Fund and Its Independent Trustees
17 February 2018 - 9:14AM
Business Wire
Zamansky LLC announces that it is investigating LJM Preservation
and Growth Fund (MUTF: LJMIX, LJMAX, LJMCX) (the “Fund”) and its
independent trustees for possible breach of fiduciary duty to
investors. The Fund, which lost over 80% of its value last week,
has been the subject of a class action lawsuit alleging securities
fraud. The suit alleged that the Fund misled investors in its
prospectus by stating that it “aims top reserve capital,
particularly in down markets (including major market
drawdowns).”
According to Jake Zamansky, investment fraud attorney, we are
investigating the Fund’s independent trustees for a possible
shareholder derivative case which is separate from the securities
case that was filed. Zamansky LLC is investigating whether the
Fund’s independent trustees potentially breached fiduciary duties
to shareholders in its risk disclosures and its hedging
operations.
What LJM Fund Investors Can Do
If you are a long-term investor in the Fund who still holds
their shares and has not sold, and you wish to discuss your legal
rights, you may, without obligation or cost to you, email
jake@zamansky.com or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with a
practice representing investors in securities, mutual fund, hedge
fund and ERISA class action litigation, and FINRA securities
arbitration. We are investment fraud attorneys who represent both
individual and institutional investors. Our practice is nationally
recognized for our ability to aggressively prosecute cases and
recover investment losses.
To learn more about Zamansky LLC, please visit our website,
http://www.zamansky.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180216005686/en/
Zamansky LLCJake Zamansky, 212-742-1414jake@zamansky.com
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