Oppenheimer Core Bond Fund (OPIGX OIGBS OPBCX)
Did you sustain losses investing in the Oppenheimer Core Bond Fund?
Sonn & Erez is investigating allegations by investors who sustained losses in the Oppenheimer Core Bond Fund (OPIGX, OIGBX, OPBCX). Allegations have surfaced that the Fund represented itself as conservative and appropriate as “a long-term investment,” while assuming a level of risk that directly conflicted with its stated investment strategy. As a result, the Core Bond Fund lost more than 35 percent of its value in 2008 and another 10 percent in the first three months of 2009.
Some individuals invested in the Oppenheimer Core Bond Fund directly or at the advice of their financial advisors. Other investors purchased shares of the The Oppenheimer Core Bond Fund through their 529 college savings plans, such as those in Oregon, Texas, Maine, Illinois and New Mexico, or through their retirement plans or annuities. If you are unsure as to whether your plan invested in the Oppenheimer Core Bond Fund, we can help you to determine if you are affected by this litigation.
If you believe that you may have been misled as to the risk of your Oppenheimer Core Bond Fund and wish to learn more about our investigation, please contact us toll free at 1-866-372-8311 or fill out the “contact us” form.
If you have information or wish to discuss your rights as an investor, contact us at 1-866-372-8311 or contact Jeff Sonn, Esq. at jsonn@sonnerez.com or Jeff Erez at jerez@sonnerez.com, or Stefan Apotheker at sapotheker@sonnerez.com.
