INVESTOR ACTION ALERT: The Schall Law Firm Announces the Filing of a Class Action Lawsuit on behalf of purchasers of VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes

The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit on behalf of purchasers of VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes (ZIV or the Company) (NASDAQ: ZIV ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

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Monday, April 1, 2019
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Professional services, Legal, 73rd United States Congress, U.S. Securities and Exchange Commission, Class action lawsuits, Securities Exchange Act, SEC Rule 10b-5, Class action, Securities Class Action, VIX, Finance, Financial markets, Law
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United States, California
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Summary
Key Points: 
  • The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit on behalf of purchasers of VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes (ZIV or the Company) (NASDAQ: ZIV ) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
  • We also encourage you to contact Brian Schall, or Sherin Mahdavian, of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge.
  • The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney.
  • The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.


The
Schall Law Firm, a national shareholder rights litigation firm,
announces the filing of a class action lawsuit on behalf of purchasers
of VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes
(“ZIV” or “the Company”) (NASDAQ: ZIV)
for violations of §§10(b) and 20(a) of the Securities Exchange Act of
1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and
Exchange Commission.

Investors who purchased the Company's ETNs between June 30, 2017 and
February 5, 2018, inclusive (the ''Class Period''), are encouraged to
contact the firm before April 5, 2019.

If you are a shareholder who suffered a loss, click
here to participate.

We also encourage you to contact Brian Schall, or Sherin Mahdavian, of
the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA
90067, at 424-303-1964, to discuss your rights free of charge. You can
also reach us through the firm's website at www.schallfirm.com,
or by email at [email protected].

The class, in this case, has not yet been certified, and until
certification occurs, you are not represented by an attorney. If you
choose to take no action, you can remain an absent class member.

According to the Complaint, ZIV made false and misleading statements to
the market. ZIV ETNs were not useful for managing daily risk. Credit
Suisse created ZIV to fail if certain market conditions came to pass.
Credit Suisse sold more inverse ETNs than the market could efficiently
handle, in order to cause a collapse. This allowed Credit Suisse to
manipulate ETNs by causing liquidity events. When the market learned the
truth about ZIV, investors suffered damages.

Join
the case to recover your losses.

The Schall Law Firm represents investors around the world and
specializes in securities class action lawsuits and shareholder rights
litigation.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and rules of ethics.

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