NEW YORK--(BUSINESS WIRE)--Zamansky LLC announces that it is investigating LJM Preservation and Growth Fund (MUTF: LJMIX, LJMAX, LJMCX) (the “Fund”) and its independent trustees for possible breach of fiduciary duty to investors. The Fund, which lost over 80% of its value last week, has been the subject of a class action lawsuit alleging securities fraud. The suit alleged that the Fund misled investors in its prospectus by stating that it “aims top reserve capital, particularly in down markets (including major market drawdowns).”
According to Jake Zamansky, investment fraud attorney, we are investigating the Fund’s independent trustees for a possible shareholder derivative case which is separate from the securities case that was filed. Zamansky LLC is investigating whether the Fund’s independent trustees potentially breached fiduciary duties to shareholders in its risk disclosures and its hedging operations.
What LJM Fund Investors Can Do
If you are a long-term investor in the Fund who still holds their shares and has not sold, and you wish to discuss your legal rights, you may, without obligation or cost to you, email firstname.lastname@example.org or call the law firm at (212) 742-1414.
About Zamansky LLC
Zamansky LLC is a leading investment fraud law firm with a practice representing investors in securities, mutual fund, hedge fund and ERISA class action litigation, and FINRA securities arbitration. We are investment fraud attorneys who represent both individual and institutional investors. Our practice is nationally recognized for our ability to aggressively prosecute cases and recover investment losses.
To learn more about Zamansky LLC, please visit our website, http://www.zamansky.com.