DENVER, April 17, 2009 (GLOBE NEWSWIRE) -- Dyer & Berens LLP (www.DyerBerens.com) today announced that it has initiated an investigation on behalf of purchasers of Oppenheimer Core Bond Fund shares (OPIGX, OPBCX, OIGBX, OPBYX, OPBNX) (the "Fund") between April 27, 2007 and February 2, 2009. Dyer & Berens LLP believes that these investors may have claims under the federal securities laws for losses associated with alleged misrepresentations and/or omissions in the Fund's offering documents.
The investigation focuses on whether the defendants misrepresented and concealed from the investing public: that the Fund was no longer adhering to its stated objective; the true extent of the Fund's liquidity risk due to the illiquid nature of a large portion of the Fund's portfolios; and the extent of the Fund's risk exposure to derivatives and other high risk instruments.
If you were harmed by the alleged conduct described above, you may contact Jeffrey A. Berens, Esq. at 1-888-300-3362, 303-861-1764 or via email at jeff@dyerberens.com.
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.