DEADLINE NOTICE: Scott + Scott, LLP Reminds UNITED DEVELOPMENT FUND IV (UDF) Investors of Important Deadline, Recommends that Investors Contact Firm

NEW YORK--()--Scott+Scott, Attorneys at Law, LLP, a global investor rights law firm, reminds United Development Fund (UDF) investors that there is an important deadline coming up in the securities class action lawsuit filed under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than February 19, 2016.

What You Can Do

To join the action, go to: JOIN ACTION. You can also call Joseph Halloran, Esq. at (646) 582-0121 or email jhalloran@scott-scott.com for information.

THE FIRM ALSO RECOMMENDS THAT YOU READ ITS “INVESTOR GUIDE TO SECURITIES LITIGATION,” WHICH YOU CAN OBTAIN FREE OF CHARGE BY FILLING OUT THE INFORMATION AT INVESTOR GUIDE.

What the Lawsuit is About

The complaint asserts that defendants allowed older UDF entities to pay earlier investors with money that was funneled through newer UDF entities, and the older entities were not capable of standing on their own without the new money. The complaint further asserts that defendants knew the entire structure would crumble if they were no longer allowed to perpetuate the Ponzi-like scheme. According to the complaint, the truth was disclosed on December 10, 2015 when Harvest Exchange published a report alleging that the Company was operating a Ponzi-like real estate scheme and was being investigated by the SEC. After release of this report, the value of UDF IV shares declined significantly.

Scott+Scott, Attorneys at Law, LLP has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States.

Contacts

Scott+Scott, Attorneys at Law, LLP
Joseph V. Halloran, 646-582-0121
jhalloran@scott-scott.com

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