Posts By: Caseadmin

UDF IV investors, together with investors in other UDF programs including UDF V and UDF III, continue to file claims against their broker-dealer firms through the Peiffer Rosca Wolf law firm. The Peiffer Rosca Wolf law firm’s securities lawyers have been filing new cases on behalf of UDF investors harmed by their investment in several… Read more »

United Development Funding investors represented by the Peiffer Rosca Wolf lawyers have started filing cases against brokerage firms that improperly recommended that they invest in UDF products. In the wake of recent news that UDF IV had received a Wells Notice informing it of the Securities and Exchange Commission’s intention to pursue enforcement action, and… Read more »

United Development Funding, a Texas-based real estate investment trust announced UDF investors yesterday that UDF IV would be delisted from trading on NASDAQ following its failure to timely file its financial statements after a second extension, and in the wake of its receipt of a “Wells Notice” from the Securities and Exchange Commission (“SEC”). A… Read more »

Embattled Texas-based real estate investment trust United Development Funding IV (“UDF IV”) stated that it was unable to timely file a quarterly report required by the Securities and Exchange Commission (“SEC”) in a filing on Wednesday, August 10. UDF IV reported its failure in a document filed with the SEC on Wednesday. The filing was… Read more »

​On Thursday, United Development Funding IV (“UDF IV”) issued a press release stating that it received notice on May 26, 2016, from NASDAQ that the NASDAQ determined to delist UDF IV securities unless UDF IV met certain conditions. In the press release, UDF IV indicated that NASDAQ determined that UDF IV was not in compliance… Read more »

United Development Funding IV, the embattled UDF-sponsored program, disclosed yesterday in a filing with the Securities and Exchange Commission that it had defaulted on a $35 million loan and had entered into a forbearance agreement with the lender. According to the filing, UDF IV acknowledged that certain events of default had occurred and stated that… Read more »

United Development Funding IV’s (“UDF IV”) value on some investors’ statements has now been reduced to zero, the Peiffer Rosca Wolf investor right lawyers have learned.  Trading of UDF IV shares on a national stock exchange was halted in February after news that the Federal Bureau of Investigation (“FBI”) raided UDF’s Texas offices and removed… Read more »

United Development Funding V (“UDF V”) recently filed a notice with the Securities and Exchange Commission (“SEC”), stating that it would be unable to timely file required SEC reports including its annual report. UDF V is part of the United Development Funding family of companies, which includes UDF IV and UDF III, which are currently… Read more »

Texas-based United Development Funding (“UDF”) recently suspended distribution payments to investors in the UDF III fund. The company had been paying distributions on a monthly basis. This announcement comes after recent news surrounding UDF including allegations of being a Ponzi scheme made by a hedge fund investor, the resignation of a UDF IV board member,… Read more »