Wildermuth Fund (NASDAQ: WEFCX)
40 Days left to seek lead plaintiff status.
According to the Complaint, as a result of the undisclosed, severe underperformance of the portfolio companies, falsification of the asset values and reliance on the Adviser Defendants’ false assertions about the value of the portfolio companies without sufficient, credible evidence to support it, the lack of reasonable internal financial controls and independence (including a dysfunctional Board, Fair Value Committee and Valuation Committee), rampant conflicts of interests, the Fund’s financials were materially false and misleading and the NAV was grossly overstated throughout the Class Period. In addition, the Adviser knowingly took an excessive advisory fee based on the Fund’s falsely inflated NAV.