Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against United Development Funding IV (“United Development” or the “Company”) (Nasdaq: UDF). Investors who purchased or otherwise acquired shares between June 4, 2014 and December 10, 2015, (the “Class Period”), are encouraged to contact the firm in advance of the February 16, 2016, lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the complaint, the Company failed to disclose that: (1) subsequent UDF companies provide significant liquidity to earlier vintage UDF companies, allowing them to pay earlier investors; (2) if the funding mechanism funneling retail capital to the latest UDF company were halted, the earlier UDF companies would not be capable of standing alone, and the entire structure would likely crumble with investors left holding the bag; (3) UDF IV provided liquidity to UDF I, UMT and UDF III, among other affiliates, further exacerbating the problem and perpetuating the scheme; and (4) as such, the Company was operating a Ponzi-like real estate investing scheme.

Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.

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