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You must submit the settlement Proof form attached below, in order to participate in this settlement. There is a strict deadline of December 11, 2019 by which all claims must be submitted. The instructions for submitting are included in the Proof and the Notice files attached below for your download. DO NOT SEND THE FORMS TO THE SHAR
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Lawsuit Overview
Settlement Overview
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August 28, 2019 - The court preliminarily approved the settlement.
August 19, 2019 - A stipulation and agreement of settlement was entered by the parties.
August 16, 2018 - A consolidated complaint was filed.
February 9, 2018 - An investor in shares of LJM Preservation and Growth Fund Class I (MUTF: LJMIX) filed a lawsuit in the U.S. District Court for the Northern District of Illinois against LJM Funds Management Ltd over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between February 28, 2015 and February 7, 2018.
LJM Preservation and Growth Fund Class I is a mutual fund that purports to invest primarily in purchased and sold call and put options on Standard & Poor’s 500 Futures Index
According to the complaint the plaintiff alleges on behalf of purchasers of LJM Preservation and Growth Fund Class I (MUTF: LJMIX) common shares between February 28, 2015 and February 7, 2018, that the defendants violated defendants violated provisions of the Securities Exchange Act of 1933 by issuing false and misleading statements to investors, including in filings with the U.S. Securities and Exchange Commission (“SEC”). More specifically, the plaintiff claims that between February 28, 2015 and February 7, 2018, the defendants made false and/or misleading statements and/or failed to disclose that LJM Preservation and Growth Fund Class I was not focused on capital preservation and left investors exposed to an unacceptably high risk of catastrophic losses. In addition, it is alleged that Defendants violated 17 C.F.R. 229.303 by failing to disclose the fact that LJM Preservation and Growth Fund Class I had not taken appropriate steps to preserve capital in down markets.