Abraham, Fruchter & Twersky, LLP Files Class Action Lawsuit Against Wachovia Corporation and Others With Respect to the Evergreen Fixed Income Trust

SOURCE:

Abraham, Fruchter & Twersky, LLP

2008-08-04 15:58:00

Abraham, Fruchter & Twersky, LLP Files Class Action Lawsuit Against Wachovia Corporation and Others With Respect to the Evergreen Fixed Income Trust

Abraham, Fruchter & Twersky, LLP Files Class Action Lawsuit Against Wachovia Corporation and Others With Respect to the Evergreen Fixed Income Trust

NEW YORK, NY–(EMWNews – August 4, 2008) – Abraham, Fruchter & Twersky, LLP commenced a

class action lawsuit in the United States District Court for the District

of Massachusetts (the “Court”) on behalf of a class (the “Class”) of all

persons who purchased shares of the Evergreen Ultra Short Opportunities

Fund (the “Fund”) pursuant to the Registration Statement/Prospectus from

August 17, 2007 until June 18, 2008. The claims asserted arise Section 11

and 12(a)(2) of the Securities Act of 1933, 15 U.S.C. §§77k and 77l(a)(2),

and have been asserted against: Wachovia Corporation, Evergreen Fixed

Income Trust, Evergreen Distributor, Inc., Dennis H. Ferro and Kasey

Phillips (the “Defendants”).

The complaint alleges that the Defendants solicited and sold shares based

upon materially false and misleading statements concerning the calculation

of the Fund’s net asset value (“NAV”). The Fund’s NAV was valued at

artificially inflated prices resulting in the sale and redemption of the

Fund’s shares to the Class at incorrect prices. Plaintiff and the Class

were harmed by the Defendants’ false and misleading statements in causing

them to pay improperly inflated prices and also by redeeming shares of

other selling shareholders at inflated prices.

If you are a member of the Class, you may, no later than August 22, 2008,

request that the Court appoint you as lead plaintiff. A lead plaintiff is

a representative party that acts on behalf of other class members in

directing the litigation. In order to be appointed lead plaintiff, you

must meet certain legal requirements including the Court’s determination

that the class representative’s claim is typical of the claims of other

class members, and that the class representative will adequately represent

the class. Under certain circumstances, one or more class members may

together serve as “lead plaintiffs.”

The attorneys at Abraham, Fruchter & Twersky, LLP have extensive experience

in securities class action cases. If you would like to discuss this action

or have any questions concerning this notice or your rights as a potential

Class member or lead plaintiff, you may contact: Jeffrey S. Abraham or

Philip T. Taylor of Abraham, Fruchter & Twersky, LLP, One Penn Plaza, Suite

2805, New York, New York 10119, by telephone at (212) 279-5050, by

facsimile at (212) 279-3655 or by e-mail at jabraham@aftlaw.com,

ptaylor@aftlaw.com.

Jeffrey S. Abraham, Esq.
Philip T. Taylor, Esq.
Abraham, Fruchter & Twersky, LLP
One Penn Plaza, Suite 2805
New York, New York 10119
Tel: (212) 279-5050
fax: (212) 279-3655

free cash grants, free grant money, free money, cash grants, scholarships, business grants, foundation grants, government grants, debt grants, consolidation, college tuition, financial aid, medical grants, personal grants, medical bills, unsecured loans, no interest loans, financing, loans, capital, non profit organizations

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions





























Leave a Reply

Your email address will not be published. Required fields are marked *

*