Brower Piven Announces the Filing of a Class Action Lawsuit Against Fidelity Ultra-Short Bond Fund

Wed Jun 18, 2008 3:56pm EDT

* Reuters is not responsible for the content in this press release.

  BALTIMORE, MD, Jun 18 (MARKET WIRE) -- 
Brower Piven, A Professional Corporation announces that a class action
lawsuit has been commenced in the United States District Court for the
District of Massachusetts on behalf of purchasers of the Fidelity
Ultra-Short Bond Fund ("Fund") (NASDAQ: FUSFX) who purchased the Fund
between June 6, 2005 and June 5, 2008, inclusive (the "Class Period").

    The complaint charges Fidelity Management & Research Company ("Company")
and certain related entities, among others, with violations of the
Securities Act of 1933. The Company is the investment advisor to the
entire group of mutual funds under the Fidelity name.

    No class has yet been certified in the above action. If you are a member
of the proposed Class, you may, no later than August 4, 2008, ask the
Court to allow you to serve as lead plaintiff for the proposed Class. To
serve as a lead plaintiff, you must satisfy certain legal requirements. In
making your decision, you should take into account that those with large
financial losses resulting from the alleged federal securities law
violations are given preference in being appointed lead plaintiff.

    If you have suffered a net loss for all transactions in the Fidelity
Ultra-Short Bond Fund during the Class Period, you may obtain additional
information about this lawsuit and your ability to become a lead plaintiff
by contacting Brower Piven (without obligation or cost to you) at
www.browerpiven.com, by email at hoffman@browerpiven.com, by calling
410-986-0036, or at Brower Piven, The World Trade Center-Baltimore, 401
East Pratt Street, Suite 2525, Baltimore, Maryland 21202. Attorneys at
Brower Piven have combined experience in securities and class action
litigation of over 40 years. If you choose to retain counsel, you may
retain Brower Piven, or you may retain other counsel of your choice.

    

CONTACT:
Charles J. Piven
Brower Piven, A Professional Corporation
Baltimore, Maryland
Telephone:  410/986-0036
Email Contact

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