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.
It is alleged that those actions were contrary to securities regulations, were not in the best interests of the class and were contrary to representations about HOU made in the Prospectus.
As a result of these changes, 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.
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.
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