NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of United Development Funding IV (NASDAQ:UDF) resulting from allegations that United Development Funding IV may have issued materially misleading business information to the investing public.
On December 10, 2015, a report on United Development Funding IV was published asserting, among other things, that the United Development Funding umbrella, which operates publicly listed and public non-traded REITs, “exhibits characteristics emblematic of a Ponzi scheme.” On this news, shares of United Development Funding IV fell $6.05 per share or over 35% to close at $11.15 per share on December 10, 2015, damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by United Development Funding IV investors. If you purchased shares of United Development Funding IV on or before December 10, 2015, please visit the firm’s website at http://rosenlegal.com/cases-801.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.