VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes Class Action Lawsuit - ZIV

Company
VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes (NASDAQGM: ZIV)
Lead Plaintiff Deadline
April 5, 2019 (Expired)
Class Period
June 30, 2017 - February 5, 2018

Expired

Lead Plaintiff Deadline

Apr 5, 2019

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Allegations

(i) the inverse ETNs was not appropriate for managing daily trading risks; (ii) Credit Suisse had designed the ZIV to fail under certain market conditions; (iii) Credit Suisse had offered and sold more inverse ETNs than the market could bear, which would enable Credit Suisse to cause the collapse of the inverse ETNs when the opportunity presented itself; and (iv) Credit Suisse could actively manipulate inverse ETNs by precipitating an acute liquidity event in volatility markets including markets for VIX futures.

Eligibility

In order to be eligible to join the ZIV class action lawsuit, you must have incurred a loss on shares of purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in during the relevant time frame or pursuant to the relevant offering(s), you have until April 5, 2019 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.

VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes Class Action Lawsuit Details

Levi & Korsinsky announces a class action has commenced in the USDC for the Southern District of New York on behalf of investors who purchased VelocityShares Daily Inverse VIX Medium Term Exchange Traded Notes ("ZIV") (NASDAQGM: ZIV) between June 30, 2017 and February 5, 2018. If you suffered a loss in ZIV you have until April 5, 2019 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.

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