IRVINE, Calif.--(BUSINESS WIRE)--Khang & Khang LLP (the “Firm”) announces that a class action lawsuit has been filed against United Development Funding IV (“United Development” or the “Company”) (Nasdaq: UDF). Investors who purchased or otherwise acquired shares between June 4, 2014 and December 10, 2015, inclusive (the “Class Period”) are encouraged to contact the Firm prior to the February 19, 2016 lead plaintiff motion deadline.
If you purchased shares of United Development during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at firstname.lastname@example.org.
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
According to the complaint, on December 10, 2015, a report on United Development was published asserting, among other things, that the United Development umbrella, which operates publicly listed and public non-traded REITs, “exhibits characteristics emblematic of a Ponzi scheme.”
If you purchased shares of United Development during the Class Period, you have until February 19, 2016 to ask the Court to appoint you as lead plaintiff. If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at email@example.com.
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