LOS ANGELES, CA / ACCESSWIRE / June 19, 2017 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Catalyst Hedged Futures Strategy Fund ("Catalyst" or the "Fund") (NASDAQ: HFXAX, HFXCX, HFXIX) for possible violations of federal securities laws between November 1, 2014 and April 28, 2017, inclusive (the "Class Period"). Investors who purchased or otherwise acquired Class A, Class C, or Class I shares of the Fund during the Class Period should contact the firm prior to June 27, 2017, the lead plaintiff motion deadline.
To participate in this class action lawsuit, click here.
You can also call Brian Lundin, Esq., of Lundin Law PC, at 888-713-1033, or you can e-mail him at firstname.lastname@example.org.
No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may do nothing and be an absent class member as well.
According to the Complaint, during the Class Period, Catalyst violated federal securities laws by making materially false and/or misleading public statements and/or failing to disclose material information to investors. The Fund stated in its Prospectuses, that its objective is "capital appreciation and capital preservation in all market conditions, with low volatility and low correlation to the US equity market." It was eventually disclosed that Catalyst made a directional bet that the general equity market would not rise significantly in value, in the form of massive option contracts that effectively "shorted" the S&P 500. As these undisclosed risks materialized, the Fund's investors lost hundreds of millions of dollars. Between February 2, 2017 and March 15, 2017, the Net Asset Value of Catalyst's Class A shares, Class C shares and Class I shares declined about 21%.
Lundin Law PC was established by Brian Lundin, Esquire, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
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Lundin Law PC
Brian Lundin, Esq.
SOURCE: Lundin Law PC