Lovell Stewart, Zamansky To Lead ProShares Action

Law360, New York (July 12, 2010, 1:00 PM EDT) -- A federal judge has ruled that the investor with the most money at stake will serve as lead plaintiff in a putative class action against ProShares Advisors LLC over alleged hidden risks in inverse exchange-traded funds, as well as naming Lovell Stewart Halebian Jacobson LLP and Zamansky & Associates LLC as co-lead counsel.

Judge John G. Koeltl of the U.S. District Court for the Southern District of New York on Monday designated investor Mark Karasick as lead plaintiff, while Lovell Stewart and Zamansky beat out more...
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