Stull, Stull & Brody Files Class Action Lawsuit on Behalf of Purchasers of Oppenheimer AMT-FREE Municipals Fund
18 Juin 2009 - 1:44AM
Marketwired
Notice is being given that a class action lawsuit was filed by
Stull Stull & Brody 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"). This action
will be transferred for pre-trial proceedings pursuant to an order
of the Joint Panel on Multi-District Litigation to the District of
Colorado.
The complaint alleges that Oppenheimer Funds, Inc. 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
by no later than July 13, 2009. 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 Stull, Stull & Brody 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: Howard T. Longman of Stull Stull &
Brody at 1-800-337-4983, or via e-mail at TSVI@AOL.COM or in
writing to the aforementioned person and firm at 6 East 45th
Street, Suite 500, New York, N.Y. 10017.
Contact: Howard T. Longman Stull, Stull & Brody 6 East 45th
Street New York, N.Y. 10017 TSVI@AOL.COM
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