Law Offices of Howard G. Smith Commences Investigation on Behalf of United Development Funding IV Investors

BENSALEM, Pa.--()--Law Offices of Howard G. Smith is investigating potential claims on behalf of investors of United Development Funding IV (“UDF IV” or the “Company”) (NASDAQ: UDF) concerning the Company’s and its officers’ possible violations of federal securities laws.

On December 10, 2015, a report was published on the Harvest Exchange alleging that the Company was operating a “Ponzi-like real estate scheme,” whereby successive UDF entities would raise capital to bail out prior vintages. On the same day, the Company issued a press release disclosing that the UDF companies “have been cooperating since April 2014 with a nonpublic fact-finding investigation being conducted by the Staff of the Securities and Exchange Commission.” On this news, the Company’s shares fell $6.05, or more than 35%, to close at $11.15 on December 10, 2015. Subsequently, on December 11, 2015, the stock plummeted another $2.60, or 23.3%, to close at $8.55 per share, thereby injuring investors.

If you purchased UDF IV securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by e-mail to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Release Summary

Law Offices of Howard G. Smith is investigating potential claims on behalf of investors of United Development Funding IV. Contact Howard G. Smith at 888-638-4847.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com