BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming June 27, 2017 deadline to file a lead plaintiff motion in the class action lawsuit filed on behalf of a class of investors who purchased or otherwise acquired Catalyst Hedged Futures Strategy Fund Investors (“Catalyst Future Fund” or the “Company”) (MUTF:HFXAX; MUTF:HFXCX; MUTF:HFXIX) securities between November 1, 2014 and April 28, 2017, inclusive (the “Class Period”). Catalyst Future Fund investors have until June 27, 2017 to file a lead plaintiff motion.
According to the Complaint filed in this class action, throughout the Class Period, Catalyst Futures Fund violated federal securities laws by making materially false and/or misleading public statements and/or failing to disclose material information. Specifically, Catalyst Futures Fund stated in its Prospectuses, that its objective is “capital appreciation and capital preservation in all market conditions, with low volatility and low correlation to the US equity market.” However, the market eventually learned that Catalyst Futures Fund made a “directional bet” that the general equity market would not rise significantly in value in the form of massive option contracts that effectively “shorted” the S&P 500. As these undisclosed risks materialized, the Catalyst Futures Fund investors suffered hundreds of millions of dollars in losses. Between February 2, 2017 and March 15, 2017, the Net Asset Value of Catalyst Futures Fund’s Class A shares, Class C shares and Class I shares declined approximately 21%.
If you purchased Catalyst Future Fund securities, you may move the Court no later than June 27, 2017 to request appointment as lead plaintiff in the putative class action lawsuit. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action lawsuit. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to this lawsuit, 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 email to firstname.lastname@example.org, or visit our website at www.howardsmithlaw.com.
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