NEW YORK, NY, Apr 11 (MARKET WIRE) --
The Rosen Law Firm, P.A. today announced it has filed a class action
lawsuit on behalf of all purchasers of A, B and C shares of Rochester
Fund Municipals ("Rochester Fund" or the "Fund") (NASDAQ: RMUNX) (NASDAQ:
RMUBX) (NASDAQ: RMUCX) between February 26, 2006 and October 21, 2008,
inclusive ("Class Period").
To join the Rochester Fund class action, go to the website at
http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim,
Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or
pkim@rosenlegal.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU
MAY REMAIN AN ABSENT CLASS MEMBER. YOU MAY ALSO RETAIN COUNSEL OF YOUR
CHOICE.
The complaint alleges that Rochester Fund, its manager Oppenheimer Funds,
Inc. and certain officers and directors violated the federal securities
laws by misleading investors about the risks of investing in the Fund. The
Complaint asserts that the prospectuses through which shares of the Fund
were sold failed to disclose substantial risks concerning Inverse Floaters
that the Fund invested in during the Class Period. The Complaint asserts
that on October 21, 2008, the Fund filed a Prospectus Supplement that
finally disclosed the material and relevant risks concerning the Fund's
trading in Inverse Floaters. The Complaint asserts that this adverse
disclosure caused the Fund's shares to fall, damaging investors.
A class action lawsuit has already been filed on behalf of Rochester Fund
shareholders. If you wish to serve as lead plaintiff, you must move the
Court no later than April 27, 2009. If you wish to join the litigation or
to discuss your rights or interests regarding this class action, please
contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of
The Rosen Law Firm toll free at 866-767-3653 or via e-mail at
lrosen@rosenlegal.com or pkim@rosenlegal.com.
The Rosen Law Firm represents investors throughout the world, focusing its
practice in securities class actions and shareholder derivative
litigation. Attorney Advertising. Prior results do not guarantee a
similar outcome.
Contact Information:
Laurence Rosen, Esq.
Email Contact
Phillip Kim, Esq.
Email Contact
The Rosen Law Firm P.A.
350 5th Avenue, Suite 5508
New York, New York 10118
Tel: (212) 686-1060
Weekends Tel: (917) 797-4425
Toll Free: 1-866--767-3653
Fax: (212) 202-3827
www.rosenlegal.com
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