Investor Alert

New York Markets Open in:

press release

July 13, 2022, 10:00 a.m. EDT

Bronstein, Gewirtz & Grossman, LLC Notifies Direxion Shares ETF Trust (DUST, JDST, JNUG, NUGT) Investors of Class Action and Encourages Investors to Contact the Firm

Jul 13, 2022 (PRNewswire via COMTEX) -- PR Newswire

NEW YORK, July 13, 2022

NEW YORK, July 13, 2022 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Direxion Shares ETF Trust ("Direxion" or the "Trust") /zigman2/quotes/204236046/composite DUST -6.64% /zigman2/quotes/207928764/composite JDST -7.24% /zigman2/quotes/206469803/composite JNUG +7.35% /zigman2/quotes/208908392/composite NUGT +6.74% and certain of its officers, on behalf of all persons and entities that actively managed exchange-traded funds ("ETFs" or "Funds") from December 1, 2016 through November 30, 2021, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/jnug .

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws.

The Complaint alleges that, during the Class Period, Defendants misled investors and/or failed to disclose that it: (1) employed devices, schemes and artifices to deceive the investing public, including Plaintiff and other Class members; (2) made untrue statements of material facts or omitted to state material facts in order to make the purchasers believe the statement; or (3) artificially controlled, traded and maintained the market price of the Funds; and (4) caused Plaintiff and other members of the Class to purchase or otherwise acquire Funds at artificially inflated or deflated prices and suffered loss and damages; (5) such fraud and deceit caused loss and damage to plaintiff and other class members.

A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/jnug or you may contact Peretz Bronstein, Esq. or his Law Clerk and Client Relations Manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Direxion you have until August 15, 2022, 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.

Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | info@bgandg.com

View original content to download multimedia: https://www.prnewswire.com/news-releases/bronstein-gewirtz--grossman-llc-notifies-direxion-shares-etf-trust-dust-jdst-jnug-nugt-investors-of-class-action-and-encourages-investors-to-contact-the-firm-301585369.html

SOURCE Bronstein, Gewirtz & Grossman, LLC


Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

Copyright (C) 2022 PR Newswire. All rights reserved

US : U.S.: NYSE Arca
$ 15.04
-1.07 -6.64%
Volume: 6.28M
Nov. 30, 2022 4:00p
US : U.S.: NYSE Arca
$ 8.33
-0.65 -7.24%
Volume: 6.47M
Nov. 30, 2022 4:00p
US : U.S.: NYSE Arca
$ 36.51
+2.50 +7.35%
Volume: 2.00M
Nov. 30, 2022 4:00p
US : U.S.: NYSE Arca
$ 35.02
+2.21 +6.74%
Volume: 3.68M
Nov. 30, 2022 4:00p


Partner Center

Link to MarketWatch's Slice.