Business & Securities Lawsuit

Oppenheimer Funds Savings Lawsuit

Details: Parent Category: Lawsuit News Alerts; Category: Securities Fraud And Business Lawsuit Information

Oppenheimer Funds Savings Lawsuit
Oregon Attorney General John Kroger along with Treasurer Ben Westlund has taken action on behalf of the people of Oregon by filing a lawsuit in hopes of recovering investment losses in the Oppenheimer Funds 529 as well as Oregon College Savings plans. The $36.2 million lawsuit filed on Monday names : Oppenheimer Funds , Oppenheimer Funds Distributor Inc and OFI Private Investments Inc.
The lawsuit filed by the attorney general states that Oppenheimer misrepresented their investment strategies as conservative when they were actually directing the investors money into the much more agressive and risky hedge fund type investments.
The Oppenheimer Core Bond Fund suffered a 36 percent loss of value last year.

Free Case Review

Your Name:(*)

Please check your name for errors.
E-mail Address:(*)

Please provide your valid email address
Phone Number:

Invalid Input
Street Address:

Invalid Input
City:

Invalid Input
State, Select Your State From The List:

Invalid Input
Zip Code:(*)

Invalid Zip Code. Please enter your US Zip code.
Method you prefer we use to contact you?

Invalid Input
General Case Information Please briefly explain your situation:(*)

Please let us know your message.
By submitting this inquiry I agree that the information that I will receive in response to the above question is general information and I will not be charged for the response to this e-mail question. I also agree that the above does not constitute a request for legal advice and that I am not forming an attorney client relationship by submitting this question. I understand that I may only retain an attorney by entering into an agreement, and that I am not hereby entering into an agreement by submitting my question.