Dyer & Berens LLP Announces Monday, July 13, 2009 Lead Plaintiff Deadline for Certain Investors Who Purchased or Acquired Shares
24 Giugno 2009 - 12:19AM
Marketwired
Dyer & Berens LLP (www.DyerBerens.com) today announced that
Monday July 13, 2009 is the lead plaintiff deadline in the class
action lawsuits filed on behalf of all persons or entities who,
between May 13, 2006 and October 21, 2008, purchased or acquired
shares of the Oppenheimer AMT-Free Municipals Fund (NASDAQ: OPTAX),
(NASDAQ: OTFBX) (NASDAQ: OMFCX).
For a free consultation regarding your rights and interests with
respect to the pending lawsuit, you may contact Jeffrey A. Berens,
Esq. at (888) 300-3362, (303) 861-1764 or via email
jeff@dyerberens.com. If you are a member of the proposed class, you
may request that the court appoint you as a lead plaintiff. Any
such request must satisfy certain criteria and must be brought
prior to the upcoming July 13, 2009 deadline. A lead plaintiff is a
class member that acts on behalf of other investors in directing
the litigation. Although your ability to share in any recovery is
not affected by your decision to seek appointment as a lead
plaintiff, lead plaintiffs make important decisions which could
affect the overall recovery for the class.
The complaints accuse defendants of violations of the federal
securities laws, and allege that the Fund's Registration Statements
and Prospectuses misrepresented the Fund and failed to disclose
material facts about its risks and investment strategies.
Specifically, defendants allegedly failed to disclose that: (1) the
AMT-Free Fund's investments in "inverse floater" securities exposed
it to the risk that it would be forced to sell, upon certain
occurrences relating to the inverse floater securities, other
securities in its portfolio at fire-sale prices; and (2) the
AMT-Free Fund represented in the Registration Statements that only
15% of its assets would be invested in illiquid securities. In
fact, the AMT-Free Fund invested more than 15% of its funds in
illiquid securities, including illiquid "tobacco bonds."
While Dyer & Berens LLP has not filed a complaint in this
matter, it currently represents investors in similar cases against
OppenheimerFunds, Inc. and others. Dyer & Berens LLP
specializes in complex class action litigation on behalf of injured
investors throughout the nation. The firm's extensive experience in
securities litigation, particularly in cases brought under the
Private Securities Litigation Reform Act, has contributed to the
recovery of hundreds of millions of dollars for aggrieved
investors. For more information about the firm, please go to
www.DyerBerens.com.
Contact: Jeffrey A. Berens Dyer & Berens LLP 682 Grant
Street Denver, CO 80203 Tel: (888) 300-3362 or (303) 861-1764
Email: Email Contact
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