Notice to All Investors in the Oppenheimer AMT-Free Municipals Fund From the Securities Law Firm of Tramont Guerra & Nunez, PA CORAL GABLES, FL--(Marketwire - 06/26/09) - The Securities Law Firm of Tramont Guerra
& Núñez, PA (TGN) makes an announcement to all Investors of the Oppenheimer AMT-FREE Municipals Fund ("Fund")
concerning the class action lawsuit (Case No. 09 CV 02279) which was filed
on May, 13, 2009, in the United States District Court for the District of
New Jersey. The class action lawsuit was filed on behalf of investors in
the Fund which were available in multiple mutual fund share classes
including; A-shares (NASDAQ:OPTAX - News), B-shares (NASDAQ:OTFBX - News), and C-shares
(NASDAQ:OMFCX - News). The class action lawsuit alleges that plaintiffs
"purchased shares of the Fund issued pursuant to a prospectus which failed
to disclose the relevant risk factors." Specifically, the prospectus failed
to disclose the risks associated with "inverse floater agreements." These
agreements forced the Fund to "rapidly sell large blocks of securities held
in its portfolio" at "prices far below the values at which the bonds were
carried on its books." Prospective class members should consider whether an
individual securities arbitration claim filed with the Financial Industry
Regulatory Authority, (FINRA) is more effective than a class action for
recovery of their investment losses. Many investors were advised by their financial advisors that an investment in the 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. 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 to assist you in determining whether you have a viable individual claim for investment losses that exceed $100,000 from a full service brokerage account, contact us on our website. To speak directly with an attorney, call (800) 578-0137 and ask for David Chacin, Esquire. Destination URL http://www.stockmarketlosslawyer.com/press-releases/class-action-lawsuits-oppamt.htm Contact:
Source: Tramont, Guerra & Nunez, P.A.
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