Home > Cases > Evergreen Class Action

Evergreen Class Action

Overview
Publication Articles - our lawyers quoted
Blog

We help investors recover their losses.

Contact our lawyers to discuss your case.

Evergreen Investments (a subsidiary of Wachovia) Funds Under Investigation

Evergreen Ultra Short Opportunities Fund, EUBAX

Read the Class Action Complaint Against Evergreen

Overview

Evergreen Investments: Ultra-Short Bond Funds Feel Subprime Ripple Effects

In times of market volatility, ultra-short bonds have proven to be a risky investment option for investors wanting a safe haven to park their cash. Persistent credit woes tied to the fallout of the subprime mortgage crisis have created havoc in the ultra-short bond market this year, unleashing a torrent of massive financial losses on investors.

Evergreen Investments to Liquidate Ultra Short Opportunities Fund

Evergreen Investments to Liquidate Ultra Short Opportunities Fund Evergreen Investments just announced that their Evergreen Funds Board approved a plan to liquidate the Evergreen Ultra Short Opportunities Fund.

Shareholders of the Evergreen Ultra Short Opportunities Fund will receive a cash distribution based on a $7.48 per share net asset value calculated after the close of business on June 18th, 2008 As of June 18th, the Evergreen Fund's net assets totaled $403 million.

Evergreen's parent company, Wachovia, will finance the liquidation which will happen around June 26, 2008. Effective immediately, new shareholders will not be able to purchase shares of the Evergreen Fund.