The Securities Law Firm of Tramont Guerra & Nunez, PA Makes Announcement to All Evergreen Ultra Short Opportunities Fund Investors

CORAL GABLES, FL--(Marketwire - July 1, 2009) - The Securities Law Firm of Tramont Guerra & Núñez, PA (TGN) makes an announcement to all Investors of the Evergreen Ultra Short Opportunities Fund ("Fund") concerning the class action lawsuit (Case No. 08 CV 11064) filed on June 23, 2008, in the United States District Court District of Massachusetts. The class action lawsuit was filed on behalf of all investors in the Fund, which were available in multiple mutual fund share classes including: A-shares (NASDAQ: EUBAX), B-shares (NASDAQ: EUBBX), C-shares (NASDAQ: EUBCX), and I-shares (NASDAQ: EUBIX). The Fund was managed by Evergreen Investment Management Co., a subsidiary of Wells Fargo (NYSE: WFC) after the acquisition of Wachovia Bank in December of 2008. The class action lawsuit alleges the Fund's investment objective to "provide current income consistent with preservation of capital and low principal fluctuation," was entirely undermined by an "undisclosed high risk strategy that led to realized losses of approximately eighteen percent of the net asset value." Prospective class members should consider whether an individual securities arbitration claim filed with the Financial Industry Regulatory Authority (FINRA) is more effective than a class action for recovery of their investment losses.

Many investors were advised by their financial advisors that an investment in the Fund was suitable for risk adverse investors to provide current income. Brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice in accordance with the FINRA Sales Practice Rules and Regulations. Recommendations of unsuitable investments and/or concentrated investments in the financial sector are both sales practice violations which form the basis of a securities arbitration claim filed with FINRA should an investor sustain damages (losses) as a result.

The Securities Law Firm of Tramont Guerra & Núñez, PA is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from a TGN attorney to assist you in determining whether you have a viable individual claim for investment losses that exceed $100,000 from a full service brokerage account, contact us on our website. To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire.

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