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WESFX INVESTOR NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Wildermuth Fund
Newsfileยท2025-11-11 00:04

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Wildermuth Fund due to allegations of violations of federal securities laws, encouraging affected investors to discuss their legal options [2][5]. Group 1: Legal Investigation and Claims - The firm is urging investors who suffered losses in the Wildermuth Fund between November 1, 2020, and June 29, 2023, to contact them for legal discussions [1]. - A federal securities class action has been filed against Wildermuth Fund, with a deadline of December 29, 2025, for investors to seek the role of lead plaintiff [2]. - The complaint alleges that the Fund and its executives made false or misleading statements and failed to disclose critical information regarding the Fund's investments [5]. Group 2: Fund Performance and Management Changes - On June 29, 2023, the Fund's Board approved a liquidation plan based on the adviser's recommendation, despite reassurances about the underlying investments [6]. - Daniel and Carol Wildermuth resigned from their positions on November 1, 2023, and the agreement with the previous adviser was terminated, with BW Asset Management Ltd. appointed as the new investment adviser [7]. - By October 2024, the value of the Fund's investments had decreased by 63.6% compared to March 2022, and the net asset value (NAV) had declined by 73.7% [8].