Stull, Stull & Brody Announces Class Action Lawsuits On Behalf of Investors in ProShares Funds

The law firm of Stull, Stull & Brody announces that it has filed class action complaints in the U.S. District Court for the Southern District of New York on behalf of all persons who purchased or otherwise acquired shares in the ProShares Ultra Financials Fund (NYSE: UYG), UltraShort Oil and Gas Fund (NYSE: DUG), Ultra Oil & Gas Fund (NYSE: DIG), UltraShort FTSE/Xinhua China 25 Fund (NYSE: FXP), and UltraShort S&P500 Fund (NYSE: SDS) (the “ProShares Funds”). Each of the forgoing funds are exchange-traded funds (“ETF”) offered by ProShares Trust (“ProShares”). The Class is seeking to pursue remedies under Sections 11 and 15 of the Securities Act of 1933 (the “Securities Act”).

In addition to the claims concerning the Funds above, Stull, Stull & Brody is also investigating claims on behalf of investors in the ProShares UltraShort Dow30 (NYSE: DXD) and UltraShort DJ-UBS Crude Oil (NYSE: SCO) funds.

If you purchased or otherwise acquired any of the ProShares Funds, and either lost money on the transaction or still hold the shares, you may apply to the Court to serve as lead plaintiff in the relevant action. 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, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as lead plaintiff. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Stull, Stull & Brody, or other counsel of your choice, to serve as your counsel in this action. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Los Angeles.

If you wish to discuss these actions or the investigation regarding any of the ProShares Funds, or if you have any questions concerning this notice or your rights or interests with respect to these matters, please contact Aaron Brody, Esq. at Stull, Stull & Brody by e-mail at ssbny@aol.com, or by calling toll-free 1-800-337-4983, or by fax to 1-212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.

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