Business & Finance
Mon, July 23, 2012Sun, July 22, 2012Fri, July 20, 2012Thu, July 19, 2012Wed, July 18, 2012Tue, July 17, 2012Mon, July 16, 2012Sun, July 15, 2012Fri, July 13, 2012Thu, July 12, 2012Wed, July 11, 2012ONE WEEK LEFT -- The Law Firm of Levi &;; Korsinsky Notifies Investors With Losses on Their Investment in TVIX Exchan
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Published in Business and Finance on Tuesday, July 17th 2012 at 9:02 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
July 17, 2012 11:51 ET
ONE WEEK LEFT -- The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in TVIX Exchange Traded Notes of Class Action Lawsuit and July 24, 2012 Deadline to Seek a Lead Plaintiff Position
NEW YORK, NY--(Marketwire - Jul 17, 2012) - Levi & Korsinsky announces that a class action lawsuit has been commenced in the US District Court Southern District of New York on behalf of investors who purchased VelocityShares Daily 2x VIX Short Term Exchange Traded Notes linked to the S&P 500 VIX Short-Term Future Index ("TVIX") (
For more information, click: [ http://zlk.9nl.com/tvix-exchange-traded-notes-tvix ]. There is no cost or obligation to you.
The complaint alleges, among other things, that Credit Suisse AG understated the risks associated with exchange traded notes such as TVIX, and that its offering documents failed to fully inform investors of the losses that could occur if Credit Suisse reached the limit of such notes it could offer and stopped issuing them.
On February 21, 2012, the price of TVIX increased and became scarcer after Credit Suisse announced it had "temporarily suspended further issuances of the [VIX ETNs] due to internal limits on the size of VIX ETNs." When this suspension was rescinded on March of 2012, the price of TVIX fell. Then, on March 29, 2012, it was disclosed that FINRA was investigating the trading in TVIX and other exchange traded notes, and that the Massachusetts securities regulator was looking into the VIX ETNs' February and March 2012 transactions.
If you suffered a loss in TVIX you have until July 24, 2012 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (877) 363-5972, or visit [ http://zlk.9nl.com/tvix-exchange-traded-notes-tvix ].
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
