Zamansky LLC and Kaplan, Fox & Kilsheimer LLP Announce a Class Action Settlement for All Persons Who Purchased, Held or Otherwise Acquired any Class of Shares in CSO LTD. or CSO US LTD. (The "Feeder Funds"), Subject to Court Approval

NEW YORK, Sept. 23, 2015 /PRNewswire/ --

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

SUMMARY NOTICE

TO:     ALL PERSONS WHO PURCHASED, HELD OR OTHERWISE ACQUIRED ANY CLASS OF SHARES IN CSO LTD. OR CSO US LTD. (THE "FEEDER FUNDS")

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Southern District of New York (the "District Court"), that a hearing will be held at 10:00 a.m. on December 17, 2015 before the Honorable Gregory H. Woods, United States District Court Judge, in Courtroom 12C, at the Daniel Patrick Moynihan United States Courthouse, 500 Pearl St., New York, New York, for the purpose of determining (1) whether the proposed settlement of this securities class action ("Action") for the principal amount of $13,500,000.00 USD, plus accrued interest, should be approved by the District Court as fair, reasonable, and adequate; (2) whether the Judgment and Order of Final Approval should be entered by the District Court dismissing the Action with prejudice; (3) whether the proposed Plan of Allocation is fair, reasonable, and adequate and, therefore, should be approved; and (4) whether the Fee and Expense Application should be approved.  In connection with the Fee and Expense Application, Counsel will request attorneys' fees of no more than one-third of the Settlement Fund, plus reasonable expenses incurred in connection with the prosecution of this Action (exclusive of administration costs) not to exceed $350,000.00 USD.

If you purchased, held or otherwise acquired Feeder Fund shares of any class, your rights may be affected by the settlement of the Action, even if you already received a distribution from the Feeder Fund in connection with a redemption.  If you have not received a detailed Notice of Proposed Settlement of Class Action and Plan of Allocation (the "Notice") and a copy of the Verification of Claim and Release Form, you may obtain copies by writing to CSO HEDGE FUND LITIGATION CLAIMS ADMINISTRATOR c/o A.B. DATA, LTD., PO BOX 170500, MILWAUKEE, WI 53217 or by calling 866-963-9976, or on the internet at www.csohedgefundsettlement.com, or from Class Counsel's websites at www.kaplanfox.com or www.zamansky.com.  If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Verification of Claim and Release Form, postmarked on or before March 14, 2016, establishing that you are entitled to recovery. Verification of Claim and Release Forms may also be submitted by email to [email protected] on or before March 14, 2016.

If you desire to be excluded from the Class, you must submit a Request for Exclusion postmarked no later than November 25, 2015.  All members of the Class who have not timely and validly requested exclusion from the Class will be bound by any judgment entered in the Action pursuant to the Agreement of Settlement dated as of August 10, 2015.  If you properly and timely exclude yourself from the Class, you will not be bound by any judgments or orders entered by the District Court in the Action and you will not be eligible to share in the proceeds of the Settlement.

Any objections to any aspect of the proposed Settlement, the proposed Plan of Allocation, or Lead Counsel's application for an award of attorneys' fees and reimbursement of expenses, must be filed with the District Court and delivered to the designated representatives of Lead Counsel and counsel for the Defendants such that they are received no later than November 25, 2015, in accordance with the instructions set forth in the Notice.

PLEASE DO NOT CONTACT THE DISTRICT COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.  If you have any questions, you may contact:

SOURCE Kaplan, Fox & Kilsheimer LLP and Zamansky LLC