Notice to All Investors in the Oppenheimer Core Bond Fund From the Securities Law Firm of Tramont Guerra & Nunez, PA
* Reuters is not responsible for the content in this press release.
CORAL GABLES, FL, May 11 (MARKET WIRE) --
The Securities Law Firm of Tramont Guerra & Nunez, PA (TGN) makes an
announcement to all Investors of the Oppenheimer Core Bond Fund ("Fund")
concerning the class action lawsuit (Case No. 09 CV 00929) which was
filed on April 23, 2009 in the United States District Court for the
District of Colorado. The class action lawsuit was filed on behalf of
investors in the Oppenheimer Core Bond Fund which were available in
multiple mutual fund share classes including; A-shares (NASDAQ: OPIGX),
B-shares (NASDAQ: OIGBX), C-shares (NASDAQ: OPBCX), N-shares (NASDAQ:
OPBNX) and Y-shares (NASDAQ: OPBYX). The class action lawsuit alleges
that the mutual fund Registration Statements and Prospectuses included
misleading and false information which led investors to purchase and/or
continue to hold shares in the Fund after material changes in Fund
holdings and risks had occurred. 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 Oppenheimer Core Bond 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. In
some cases, shareholders must "opt-out" as a class member in order to
pursue a securities arbitration claim, otherwise this legal option is not
available.
The Securities Law Firm of Tramont Guerra & Nunez, 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.
Destination URL
http://www.stockmarketlosslawyer.com/press-releases/class-action-lawsuits-oppcor
.htm
Contact:
David Chacin, Esquire
2100 Ponce De Leon Blvd, Penthouse II
Coral Gables, Florida 33431
(800) 578-0137
Email Contact
Copyright 2009, Market Wire, All rights reserved.
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