XU LAW OFFICES P.C. Amended Securities Class Action Litigation to an Individual Private Action Against Direxion Shares ETF Trust for Named Plaintiff in Investing in NUGT, JNUG, or other Direxion leveraged ETFs.
Queens, New York - On September 20, 2022, XU LAW OFFICES P.C. received the approved Stipulation and Order Concerning Time to Respond to Second Amended Complaint by the United States District Court for the Southern District of New York; thus, the class action has been amended to an individual private action for the named plaintiff against Direxion Shares ETF Trust and others for their misrepresentation, misleading statements, and fraud in Direxion Daily Gold Miners Index Bull 2X Shares (the "NUGT,” formerly “Direxion Daily Gold Miners Index Bull 3X Shares” before March 31, 2020), Daily Junior Gold Miners Index Bull 2X Shares (the "JNUG,” formerly “Daily Junior Gold Miners Index Bull 3X Shares” before March 31, 2020), and other Direxion leveraged ETFs, 3X or 2X actively managed exchange-traded funds ("ETFs" or “Funds”).
The original class allegations were eliminated; the named plaintiff no longer represents the Class members. And the case will no longer accept any lead plaintiff appointment motions.
If you have any questions about this action, please contact:
XU LAW OFFICES P.C.
136-18 39th Avenue, Suite 1003,
Flushing, NY 11354
Fax: (929) 200-7167