Thieler Law Corp advises investors with losses exceeding $100,000 of the February 19, 2016 lead plaintiff deadline in a class action lawsuit filed against United Development Funding IV (NASDAQ: UDF) (“UDF IV” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of Texas and investors, who purchased United Development Funding IV securities between June 4, 2014 and December 10, 2015, have until February 19, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased United Development Funding IV securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that subsequent UDF companies provide significant liquidity to earlier vintage UDF companies, allowing them to pay earlier investors; that if the funding mechanism funneling retail capital to the latest UDF company were halted, the earlier UDF companies would not be capable of standing alone, and the entire structure would likely crumble with investors left holding the bag; and that UDF IV provided liquidity to UDF I, UMT and UDF III, among other affiliates, further exacerbating the problem and perpetuating the scheme.

On December 10, 2015, a report was published on the Harvest Exchange claiming that UDF IV was operating a Ponzi-like real estate scheme. United Development Funding IV entities would raise capital to bail out failing prior vintages.

Following this news, the Company shares dropped causing investors harm.

If you were negatively impacted by your investment in United Development Funding IV securities between June 4, 2014 and December 10, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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