LOS ANGELES, CA / ACCESSWIRE / June 1, 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, NASDAQ: HFXCX, NASDAQ: 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 brian@lundinlawpc.com.
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 choose to 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 revealed 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 ("NAV") of Catalyst's Class A shares, Class C shares, and Class I shares declined approximately 21%.
Lundin Law PC was established by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.
This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and rules of ethics.
Contact:
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
SOURCE: Lundin Law PC
