This class action concerns the actions taken by Horizons to fundamentally change its BetaPro Crude Oil 2x Bull ETF (HOU) on April 22, 2020 without shareholder approval.
As a result of these changes, as oil prices rose following their low point in the spring of 2020, those who held shares in HOU were not able to reap the benefit of their investment (on a two-times leveraged basis) in accordance with the Investment Objectives set out in the Prospectus – a difference of tens of millions of dollars for HOU.
It is alleged that Horizons’ actions were contrary to securities regulations, were oppressive and/or unfair to the class members, were negligent, and were not in the best interests of the class members.
Koskie Minsky LLP and Sotos LLP are jointly prosecuting this class action on behalf of the Plaintiffs.
If you held shares in HOU at the close of trading on April 21, 2020, please contact us at 1-833-786-0015 or email@example.com for more information.
If you are interested in receiving email updates about this class action please complete the Class Action Information Form.