In re: Oppenheimer Champion Income Fund Securities Fraud Class Action
Oct 28, 2011OUTCOME: $52.5 million settlement for stockholder plaintiffs.
Lead Plaintiffs alleged that the Disclosure Documents misrepresented the riskiness of investments in the Champion Income Fund when Defendants acquired positions in leveraged derivative investments, suc ... h as credit default swaps, total return swaps and mortgage-backed securities, leading to damages.
