An investigation for investors in Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) shares over potential securities laws violations was announced and NASDAQ:XIV stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/22/2018 -- An investigation on behalf of investors of Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) shares over potential securities laws violations in connection with certain financial statements was announced.
Investors who purchased shares of Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) concerning whether a series of statements regarding VelocityShares Daily Inverse VIX Short Term ETN's business, its prospects and its operations were materially false and misleading at the time they were made.
Shares of Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) rose from $16.68 per share on February 12, 2016 to as high as $146.44 per share on January 11, 2018.
On February 6, 2018, Credit Suisse announced an event acceleration of XIV due to an acceleration event.
Shares of Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) declined to as low as $5.10 per share on February 8, 2018.
Those who purchased shares of Credit Suisse AG - VelocityShares Daily Inverse VIX Short Term ETN (NASDAQ:XIV) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com