SOURCE: Tramont, Guerra and Nunez, P. A.

February 27, 2009 16:13 ET

Notice to All Investors in the Oppenheimer Champion Income Fund From the Securities Law Firm of Tramont Guerra & Nunez, PA

CORAL GABLES, FL--(Marketwire - February 27, 2009) - The Securities Law Firm of Tramont Guerra & Núñez, PA (TGN) makes an announcement to all Investors of the Oppenheimer Champion Income Fund ("Fund") concerning the class action lawsuit (Case No. 09 CV 01327) which was filed on February 13, 2009. The class action lawsuit was filed on behalf of investors in the Oppenheimer Champion Income Fund which were available in multiple mutual fund share classes including; A-shares (NASDAQ: OPCHX), B-shares (NASDAQ: OCHBX), C-shares (NASDAQ: OCHCX), N-shares (NASDAQ: OCHNX) and Y-shares (NASDAQ: OCHYX). The class action lawsuit alleges that the mutual fund Registration Statements and Prospectuses included misleading and false information which led investors to purchase and/or continue to hold shares in the Fund after material changes in Fund holdings and risks had occurred. Prospective class members need to determine which legal process is more suitable for them to recover investment losses, a class action lawsuit or an individual securities arbitration claim filed with the Financial Industry Regulatory Authority, (FINRA).

Many investors were advised by their financial advisors that an investment in the Oppenheimer Champion Income Fund was suitable for risk adverse investors to provide current income. Brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice in accordance with the FINRA Sales Practice Rules and Regulations. Recommendations of unsuitable investments and/or concentrated investments in the financial sector are both sales practice violations which form the basis of a securities arbitration claim filed with FINRA should an investor sustain damages (losses) as a result. In some cases, shareholders must "opt-out" as a class member in order to pursue a securities arbitration claim, otherwise this legal option is not available.

The Securities Law Firm of Tramont Guerra & Núñez, PA, is a nationally recognized, Martindale Hubbell "AV" rated securities law firm. To request a confidential consultation from a TGN attorney for investment losses that exceed $100,000 from a full service brokerage account, contact us on our website at To speak directly with an attorney, please call.

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Contact Information

  • Contact:
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    2100 Ponce De Leon Blvd, Penthouse II
    Coral Gables, Florida 33431
    (800) 578-0137
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