Keller Rohrback L.L.P. Announces Investigation of Financial Losses Suffered by 529 College Savings Plans That Invested in Oppenheimer Funds
SEATTLE, Jan. 30, 2009 (GLOBE NEWSWIRE) -- Attorney Advertising. Keller Rohrback L.L.P. (www.krclassaction.com) today announced that it is investigating OppenheimerFunds, Inc. and OppenheimerFunds Distributor, Inc. (collectively, "Oppenheimer") for breaches of fiduciary duty. The investigation focuses on financial losses suffered by 529 College Savings Plans that invested in the Oppenheimer Core Bond Fund (the "Bond Fund") and/or the Oppenheimer Champion Income Fund (the "Income Fund"). The Bond Fund reportedly lost 38 percent of its value in 2008 while the Income Fund was down nearly 80 percent during that same time period.Filed by admin at January 30th, 2009 under News