TAKE A LOOK AT WHICH REPORT YOUR PORTFOLIO'S BEEN MISSING...

Shareholders Foundation offers real-time reporting of class action exposure on a per transaction basis,
including the documents you will need for claim filing and settlement recovery.
Start Monitoring Your Investments

Rochester National Municipals Fund (MUTF: ORNAX) (MUTF: ORNBX) (MUTF: ORNCX) Investor Securities Class Action 03/13/2009

  • You must submit the settlement "Proof" form attached below, in order to participate in this settlement. There is a strict deadline of August 28, 2014 by which all claims must be submitted. The instructions for submitting are included in the "Proof" and the "Notice" files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.

  • To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Lawsuit Overview

Company
Oppenheimer Holdings Inc.
Security

Case Name
Rochester National Municipals Fund Shareholder Class Action Lawsuit 03/13/2009
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the District of Colorado

Class Period Begin
Class Period End
Deadline To File for Lead
Settlement Notice
oppenheimer_funds_inc_settlement_notice_5_2014.pdf
Settlement Proof
oppenheimer_funds_inc_settlement_proof_5_2014.pdf
Filed Complaint
oppenheimer_funds_inc_original_filing_edited_3_2009.pdf
You must register or login to receive notifications.

Click here to subscribe to Oppenheimer Holdings Inc..

Settlement Overview

Date Settled
Date Settled
Settlement Amount
$26,850,000.00
Deadline to Participate in Settlement

You must register to view and download the Settlement Notice and Settlement Proof.

Summary

March 12, 2014 - The court preliminarily approved the settlement.

March 5, 2014 - A stipulation of settlement was filed by the parties.

January 20, 2012 - The court withdrew the October 25, 2011 order and issued an amended order.

October 25, 2011 - The court granted in part and denied in part the defendants' motion to dismiss.

April 5, 2010 - A motion to dismiss the amended consolidated complaint was filed.

January 15, 2010 - An amended consolidated complaint was filed.

July 7, 2009 - The court ordered all cases transferred to the U.S. District Court for District of Colorado and consolidated into a multi-district case. 

May 6, 2009 - An additional investor filed a complaint.

May 5, 2009 - An additional investor filed a complaint.

April 22, 2009 - An additional investor filed a complaint.

March 31, 2009 - Another investor filed a complaint.

March 13, 2009 - An investor in shares of the Oppenheimer Rochester National Municipal Fund (MUTF: ORNAX) (MUTF: ORNBX) (MUTF: ORNCX) has filed a lawsuit in the U.S. District Court for the District of Colorado against Oppenheimer Funds Inc over alleged violations of Federal Securities Laws between March 13, 2006 and October 21, 2008. According to the complaint the plaintiff 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 Oppenheimer AMT-FREE Municipals Fund. These undisclosed risks are alleged to have been the cause of a severe decline in the value of the Oppenheimer AMT-FREE Municipals Fund's shares, far exceeding the decline of competing municipal bond funds

oppenheimer_funds_inc_original_filing_edited_3_2009.pdf
Date Settled