OAKLAND, Calif.--(BUSINESS WIRE)--Girard Gibbs LLP is investigating claims on behalf of investors of LJM Preservation and Growth Fund (LJMIX, LJMAX, LJMCX). The Mutual Fund, which is marketed and sold as aiming “to preserve capital, particularly in down markets (including major market drawdowns), through using put option spreads as a form of mitigation risk” suffered a massive loss, plunging by more than 80% on February 7, 2018. On February 8, 2018, the Fund announced that it would be shutting its doors to new investment.
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On February 9, 2018, a class action lawsuit was filed on behalf of LJMIX investors alleging that Defendants violated provisions of the Securities Act by issuing false and misleading statements to investors, including in filings with the SEC. Specifically, it is alleged that Defendants made false and/or misleading statements or failed to disclose that LJMIX was not focused on capital preservation and left investors exposed to an unacceptably high risk of catastrophic losses. In addition, it is alleged that Defendants violated the law by failing to disclose that LJMIX had not taken appropriate steps to preserve capital in down markets.
If you purchased or acquired shares of LJM Preservation and Growth Fund and would like to speak privately with a securities attorney to learn more about the investigation and your legal rights, visit our website or contact the securities team directly at (800) 254-9493.
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Girard Gibbs LLP is one of the nation’s leading firms representing individual and institutional investors in securities litigation to correct abusive corporate governance practices, breaches of fiduciary duty, and proxy violations. The firm has recovered over a billion dollars for its clients against some of the world’s largest corporations, and has earned Tier-1 rankings and been named in the U.S. Lawyers – Best Law Firms list for five consecutive years.
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