Abraham, Fruchter & Twersky, LLP Files Class Action Lawsuit on Behalf of Purchasers of Oppenheimer AMT-FREE Municipals Fund
14 Mai 2009 - 7:44PM
Marketwired
Notice is being given that a class action lawsuit has been filed in
the United States District Court for the District of New Jersey on
behalf of persons who purchased shares of Oppenheimer AMT-FREE
Municipals Fund ("Oppenheimer AMT" or the "Fund") (NASDAQ: OPTAX)
(NASDAQ: OTFBX) (NASDAQ: OMFCX) from May 13, 2006 through October
21, 2008 (the "Class Period").
The complaint alleges that Oppenheimer Funds, Inc. ("OFI") and
certain of its Trustees violated the Securities Act of 1933 by
issuing prospectuses which misled investors concerning the risks of
investing in the Fund. These undisclosed risks are alleged to have
been the cause of a severe decline in the value of the Fund's
shares, far exceeding the decline of competing municipal bond
funds.
If you wish to serve as lead plaintiff, you must move the Court
no later than sixty (60) days from the date of this notice. Any
member of the proposed class may move the Court to serve as lead
plaintiff through counsel of their choice, or may choose to do
nothing and remain an absent member of the proposed class.
Plaintiff is represented by Abraham, Fruchter & Twersky, LLP
which has extensive experience in securities class action cases. If
you would like to discuss this action or if you have any questions
concerning this notice or your rights as a potential class member
or lead plaintiff, you may contact: Jeffrey Abraham or Arthur Chen
of Abraham, Fruchter & Twersky, LLP at 212-279-5050, or via
e-mail at jabraham@aftlaw.com or achen@aftlaw.com,
respectively.
Contact: Jeffrey S. Abraham Arthur Chen Abraham, Fruchter &
Twersky, LLP One Penn Plaza, Suite 2805 New York, New York 10119
Tel.: (212) 279-5050
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