Judge Finds Investor Failed To Show Oil-Related Fund Made Misstatements About Risk

( October 2, 2025, 2:27 PM EDT) -- NEW YORK — A federal judge in New York granted an oil-related exchange traded fund and its managing partner and executive’s motion to dismiss a putative securities fraud class action against them for alleged misstatements made about risks, adverse events, trends and uncertainties that could impact the fund, holding that the investors failed to show that the fund or related parties made misleading statements and did not establish a strong inference of scienter....