SOURCE: Dyer & Berens LLP

June 18, 2009 14:19 ET

Dyer & Berens LLP Announces Monday, June 22, 2009 Lead Plaintiff Deadline for Certain Investors Who Purchased or Acquired Shares of the Oppenheimer Core Bond Fund -- (OPIGX, OIGBX, OPBCX)

DENVER, CO--(Marketwire - June 18, 2009) - Dyer & Berens LLP (www.DyerBerens.com) today announced that Monday June 22, 2009 is the lead plaintiff deadline in the class action lawsuit filed on behalf of all persons or entities who, between April 27, 2007 and February 2, 2009, purchased or acquired shares of the Oppenheimer Core Bond Fund (the "Fund") (NASDAQ: OPIGX) (NASDAQ: OIGBX) (NASDAQ: OPBCX).

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 at 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 June 22, 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 complaint, filed in the United States District Court for the District of Colorado, accuses defendants of violations of the securities laws, and alleges that the Fund's Registration Statements and Prospectuses misrepresented the Fund as being a conservative, stable bond fund, primarily invested in investment-grade debt securities and focusing on preservation of principle over higher investment returns.

While Dyer & Berens LLP has not filed a complaint in this matter, it represents investors in similar cases against OppenheimerFunds, Inc. 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 Information

  • Contact:
    Jeffrey A. Berens
    Dyer & Berens LLP
    682 Grant Street
    Denver, CO 80203
    Tel: (888) 300-3362 or (303) 861-1764
    Email: Email Contact