NEW YORK--(BUSINESS WIRE)--Dec 21, 2025--
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Wildermuth Fund (“Wildermuth Fund” or the “Company”) (NASDAQ: WESFX).
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Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.
On June 29, 2023, the Fund announced that, based upon the recommendation of the Adviser, the Fund’s Board of Trustees had approved a plan of liquidation for the Fund (the “Liquidation Plan”). The Adviser Defendants reassured investors that there were no issues with the underlying investments held by the Fund and the Fund continued trading at or around a NAV of $10 per share. The reason for the liquidation stemmed from the loss of certain tax advantages.
On November 1, 2023, Daniel and Carol Wildermuth resigned from the Board and from their roles as officers of the Fund. Daniel Wildermuth further resigned as Chairman of the Board and the agreement with the Adviser was terminated. The Board replaced Wildermuth Advisory with BW Asset Management Ltd. (“BWAM”), a subsidiary of Kroll, as the Fund’s investment adviser.
Compared with reported values in March 2022, by October 2024, the value of the Fund’s investments had dropped by 63.6% and the NAV had declined by 73.7%. Compared to the values reported in March of 2023, by October 2024, the value of the Fund’s investments had dropped by 47.4% and the NAV had declined by 57.7%, in comparison to the March 2023 valuations. Finally, by 2024, Kroll revised its NAV to less than $2.00 per share, an 80% reduction in NAV per share.
To learn more about the Wildermuth Fund investigation, go to www.faruqilaw.com/WESFX or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).
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SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at The Wildermuth Fund
BEKKERSDAL, South Africa (AP) — Nine people have died and at least 10 others were wounded after a group of gunmen carried out a shooting at a South African pub during the early hours of Sunday, authorities said.
The incident occurred just before 1 a.m. in the township of Bekkersdal which is located 46 kilometers (28 miles) west of Johannesburg. It is the second mass shooting in South Africa in three weeks.
About 12 unknown suspects in a white minibus and a silver sedan opened fire at pub patrons at KwaNoxolo tavern, in the Tambo section of Bekkersdal and continued to shoot randomly as they fled the scene, according to police.
“Some victims were randomly shot in the streets by unknown gunmen,” the police said of the incident that left nine people dead and 10 hospitalized.
Maj. Gen. Fred Kekana, the acting provincial commissioner of Gauteng, told the AP at the scene that the gunmen, some of whom wore balaclavas, had one AK-47 rifle and several 9-millimeter pistols.
Police did not release information about the victims, but police spokesperson Brigadier Brenda Muridili confirmed that an e-hailing driver was among those caught in the crossfire. She said the driver had just dropped off a client.
“He was shot and killed,” she told The Associated Press.
The motive for the shooting is unknown. A manhunt for the suspects in the multiple gunshot event has been initiated by Gauteng Serious and Violent Crime Investigations in collaboration with the Crime Detection Tracing Unit.
There have been several mass shootings at bars — sometimes called shebeens or taverns in South Africa — in recent years, including a mass shooting carried out by multiple suspects in an unlicensed bar near the South African capital that left at least 12 people dead and 13 injured earlier this month.
Another shooting killed 16 people in the Johannesburg township of Soweto in 2022. On the same day, four people were killed in a mass shooting at a bar in another province.
The second-largest political party in South Africa, the Democratic Alliance, called for a special task force to probe the two recent shootings in the province.
Surrounded by abandoned mine shafts, the Bekkersdal region is notorious for illicit mining operations, which have led to serious social problems, including gang violence and the proliferation of illegal firearms.
With almost 26,000 homicides in 2024, or more than 70 per day on average, South Africa has one of the highest homicide rates in the world. Firearms are by far the leading cause of death in homicides. Although the nation of 62 million has comparatively stringent gun control laws, officials say many murders are carried out using illegal firearms.
Gumede reported from Johannesburg.
South African police gather at the scene of a mass shooting where gunmen killed nine and injured at least 10 in a pub in Bekkersdal, South Africa, Sunday, Dec. 21, 2025. (AP Photo/ Alfonso Nqunjana)
South African police gather at the scene of a mass shooting where gunmen killed nine and injured at least 10 in a pub in Bekkersdal, South Africa, Sunday, Dec. 21, 2025. (AP Photo/ Alfonso Nqunjana)
Onlookers gather at the scene of a mass shooting where gunmen killed nine and injured at least 10 in a pub in Bekkersdal, South Africa, Sunday, Dec. 21, 2025. (AP Photo/ Alfonso Nqunjana)
South African police gather at the scene of a mass shooting where gunmen killed nine and injured at least 10 in a pub in Bekkersdal, South Africa, Sunday, Dec. 21, 2025. (AP Photo/ Alfonso Nqunjana)
