Bernstein Liebhard LLP Announces That 18 Days Remain for Investors in ProShares Ultrashort Real Estate ProShares Fund

Thu Sep 17, 2009 5:00pm EDT

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

  NEW YORK, NY, Sep 17 (MARKET WIRE) -- 
Bernstein Liebhard filed an action (the "SRS Action") on behalf of
investors (the "Class") in ProShares Ultrashort Real Estate ProShares
Fund ("ProShares SRS") on August 27, 2009.

    In addition to filing claims concerning ProShares SRS (NYSE: SRS),
Bernstein Liebhard is also looking into claims on behalf of investors in
ProShares Trust ("ProShares") leveraged funds (the "Funds") (see list
below), such as whether ProShares failed to disclose in its registration
statements: (i) that if shares of the Funds were held for a time period
longer than one day, the likelihood of massive losses was huge; and (ii)
the extent to which performance of the Funds would invariably diverge from
the performance of the benchmark.


Fund                                                 Ticker
UltraShort QQQ                                       (NYSE: QID)
UltraShort Dow30                                     (NYSE: DXD)
UltraShort S&P500                                    (NYSE: SDS)
UltraShort Russell3000                               (NYSE: TWQ)
UltraShort MidCap400                                 (NYSE: MZZ)
UltraShort SmallCap600                               (NYSE: SDD)
UltraShort Russell2000                               (NYSE: TWM)
UltraPro Short S&P500                                (NYSE: SPXU)
UltraShort Russell1000 Value                         (NYSE: SJF)
UltraShort Russell1000 Growth                        (NYSE: SFK)
UltraShort Russell MidCap Value                      (NYSE: SJL)
UltraShort Russell MidCap Growth                     (NYSE: SDK)
UltraShort Russell2000 Value                         (NYSE: SJH)
UltraShort Russell2000 Growth                        (NYSE: SKK)
UltraShort Basic Materials                           (NYSE: SMN)
UltraShort Consumer Goods                            (NYSE: SZK)
UltraShort Consumer Services                         (NYSE: SCC)
UltraShort Financials                                (NYSE: SKF)
UltraShort Health Care                               (NYSE: RXD)
UltraShort Industrials                               (NYSE: SIJ)
UltraShort Oil & Gas                                 (NYSE: DUG)
UltraShort Real Estate                               (NYSE: SRS)
UltraShort Semiconductors                            (NYSE: SSG)
UltraShort Technology                                (NYSE: REW)
UltraShort Telecommunications                        (NYSE: TLL)
UltraShort Utilities                                 (NYSE: SDP)
UltraShort MSCI EAFE                                 (NYSE: EFU)
UltraShort MSCI Emerging Markets                     (NYSE: EEV)
UltraShort MSCI Europe                               (NYSE: EPV)
UltraShort MSCI Pacific ex-Japan                     (NYSE: JPX)
UltraShort MSCI Brazil                               (NYSE: BZQ)
UltraShort FTSE/Xinhua China 25                      (NYSE: FXP)
UltraShort MSCI Japan                                (NYSE: EWV)
UltraShort MSCI Mexico Investable Market             (NYSE: SMK)
UltraShort 7-10 Year Treasury                        (NYSE: PST)
UltraShort 20+ Year Treasury                         (NYSE: TBT)
UltraShort DJ-UBS Commodity                          (NYSE: CMD)
UltraShort DJ-UBS Crude Oil                          (NYSE: SCO)
UltraShort Gold                                      (NYSE: GLL)
UltraShort Silver                                    (NYSE: ZSL)
UltraShort Euro                                      (NYSE: EUO)
UltraShort Yen                                       (NYSE: YCS)
Ultra QQQ                                            (NYSE: QLD)
Ultra Dow30                                          (NYSE: DDM)
Ultra S&P500                                         (NYSE: SSO)
Ultra Russell3000                                    (NYSE: UWC)
Ultra MidCap400                                      (NYSE: MVV)
Ultra SmallCap600                                    (NYSE: SAA)
Ultra Russell2000                                    (NYSE: UWM)
UltraPro S&P500                                      (NYSE: UPRO)
Ultra Russell1000 Value                              (NYSE: UVG)
Ultra Russell1000 Growth                             (NYSE: UKF)
Ultra Russell MidCap Value                           (NYSE: UVU)
Ultra Russell MidCap Growth                          (NYSE: UKW)
Ultra Russell2000 Value                              (NYSE: UVT)
Ultra Russell2000 Growth                             (NYSE: UKK)
Ultra Basic Materials                                (NYSE: UYM)
Ultra Consumer Goods                                 (NYSE: UGE)
Ultra Consumer Services                              (NYSE: UCC)
Ultra Financials                                     (NYSE: UYG)
Ultra Health Care                                    (NYSE: RXL)
Ultra Industrials                                    (NYSE: UXI)
Ultra Oil & Gas                                      (NYSE: DIG)
Ultra Real Estate                                    (NYSE: URE)
Ultra Semiconductors                                 (NYSE: USD)
Ultra Technology                                     (NYSE: ROM)
Ultra Telecommunications                             (NYSE: LTL)
Ultra Utilities                                      (NYSE: UPW)
Ultra DJ-UBS Commodity                               (NYSE: UCD)
Ultra DJ-UBS Crude Oil                               (NYSE: UCO)
Ultra Gold                                           (NYSE: UGL)
Ultra Silver                                         (NYSE: AGQ)
Ultra Euro                                           (NYSE: ULE)
Ultra Yen                                            (NYSE: YCL)
Ultra MSCI EAFE                                      (NYSE: EFO)
Ultra MSCI Emerging Markets                          (NYSE: EET)
Ultra FTSE/Xinhua China 25                           (NYSE: XPP)
Ultra MSCI Japan                                     (NYSE: EZJ)

    
Plaintiff in the SRS Action seeks to recover damages on behalf of all
Class members who purchased or otherwise acquired shares of ProShares
SRS. If you purchased or otherwise acquired ProShares SRS shares, and
either lost money on the transaction or still hold the shares, you may
wish to join in the action to serve as lead plaintiff. In order to do so,
you must meet certain requirements set forth in the applicable law and
file appropriate papers no later than October 5, 2009.

    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 Bernstein Liebhard LLP,
or other counsel of your choice, to serve as your counsel in this action.

    If you purchased or otherwise acquired shares in any of the Funds listed
above, and either lost money on the transaction or still hold the shares,
please call our office to discuss your rights.

    If you would like to discuss the SRS Action, claims concerning the Funds,
or if you have any questions concerning this Notice, please contact
Christian Siebott or Joseph R. Seidman, Jr. at (877) 779-1414.

    Bernstein Liebhard has pursued hundreds of securities and consumer cases
and recovered approximately $2 billion for its clients. It has been named
to The National Law Journal's "Plaintiffs' Hot List" in each of the last
six years.

    You can view a copy of the SRS Action complaint online at
http://www.bernlieb.com, or obtain it from the court.


Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com

    
ATTORNEY ADVERTISING. Copyright 2009 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP, 10
East 40th Street, New York, New York 10016, (212) 779-1414. Prior results
do not guarantee or predict a similar outcome with respect to any future
matter.

    

Contact Information:
Christian Siebott
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 799-1414

Copyright 2009, Market Wire, All rights reserved.

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