The Goldman Scarlato & Penny investor rights attorneys are investigating alleged material misrepresentations in the Prospectuses for XIV Exchange Traded Notes (ETNs) offered by Credit Suisse and others.
XIV ETN investors who would like to evaluate potential loss recovery options other than through a class action are encouraged to contact attorney Paul Scarlato with any useful information or for a free, no obligation discussion about their options.
According to a recent Report by Securities Litigation and Consulting Group, the Prospectus for Credit Suisse’s XIV Short-Term ETN allegedly contained material misrepresentations which might have led to over $700 million in investor losses. The XIV ETN was a popular product offered by Credit Suisse and others linked to volatility in the S&P 500 index. Recently, Credit Suisse’s XIV ETN plummeted more than 97% and lost approximately $2 billion within hours in February 2018, according to the Report. Following the selloff, Credit Suisse announced that it was redeeming all outstanding XIV ETN shares at the Closing Indicative Value on February 15, 2018, the Report notes.
XIV ETN and VIX ETN Investors Might Have Other Options for Recovery Than Recently Filed Class Actions
Goldman Scarlato & Penny investor rights lawyers are evaluating representing XIV ETN and VIX ETN investors individually, not as members of a class. Individual representation would offer, among others, a direct attorney-client relationship and direct access to the client’s attorney to discuss about the case and individual recovery options. The individual representation would be on a contingency fee basis.
Goldman Scarlato & Penny represents investors who lost money as a result of investment-related fraud or misconduct, and are currently investigating Credit Suisse’s XIV ETN and others. The firm takes most cases on a contingency fee basis and advances the case costs, and only gets paid for their fees and costs out of a recovery.
What XIV ETN and VIX ETN Investors Should Do
XIV ETN and VIX ETN investors should contact Goldman Scarlato & Penny attorney Paul Scarlato for a free, no-obligation evaluation of their loss recovery options. Goldman Scarlato & Penny has launched a website with useful updates for XIV ETN investors: www.ETNloss.com.
XIV ETN and VIX ETN investors with losses of over $100,000 who are interested in establishing a direct attorney-client relationship and discussing options to seek compensation for their losses other than through a class action may contact attorney Paul Scarlato to discuss about their legal options at 888-998-0530 or via email at firstname.lastname@example.org.
Paul Scarlato, Esq.