PROSHARES ULTRASHORT OIL & GAS
			Symbol			DUG

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Shalov Stone Bonner & Rocco LLP Announces Class Action Against ProShares' UltraShort Oil and Gas Fund - DUG

2009-09-30 17:40 ET - News Release

NEW YORK, NY -- (MARKET WIRE) -- 09/30/09

Shalov Stone Bonner & Rocco LLP announces that a class action lawsuit has been filed on behalf of persons who purchased or otherwise acquired shares in the UltraShort Oil and Gas fund (the "DUG Fund") (NYSE: DUG), an exchange-traded fund offered by ProShares Trust ("ProShares"), pursuant or traceable to ProShares' Registration Statement, Prospectuses, and Statement of Additional Information (collectively, the "Registration Statement") issued in connection with the DUG Fund's shares. The lawsuit is pending in the United States District Court for the Southern District of New York.

The complaint alleges that the defendants violated the federal securities laws by misrepresenting and failing to disclose material adverse facts. According to the complaint, the defendants failed to disclose exceptional risks associated with the DUG Fund. Investors who purchased shares of DUG Fund may have suffered losses that may be compensable under the law.

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