Oppenheimer Rochester Fund Municipals is an open-ended fixed income mutual fund launched and managed by OppenheimerFunds, Inc. It is co-managed by OFI Global Asset Management, Inc. The fund invests in the fixed income markets of the United States. It invests in tax-exempt investment grade New York municipal securities, including municipal bonds, notes, and interests in municipal leases. The fund invests in securities of any maturity, rated within one of the four highest rating categories of a nationally recognized statistical rating organization such as S&P. It focuses on factors such as business, economic, and other factors affecting issuers to create its portfolio. The fund benchmarks the ...
Two World Financial Center
225 Liberty Street
New York, NY 10281-1008
Founded in 1986
The Shuman Law Firm Announces Proposed Settlements Totaling $89.5 Million in Class Action Lawsuits Involving Oppenheimer AMT-Free Municipals Fund, Oppenheimer AMT-Free New York Municipal Fund, Oppenheimer Rochester National Municipal Fund, Oppenheimer New Jersey Municipal Fund, Oppenheimer Pennsylvania Municipal Fund and Rochester Fund Municipals
May 13 14
The Shuman Law Firm announced that pursuant to an order of the United States District Court for the District of Colorado, that a hearing will be held on July 31, 2014 at 10 a.m. before the Honorable John L. Kane at the Alfred A. Arraj United States Courthouse, 901 19th Street, Denver, Colorado, for the purpose of determining: whether the proposed settlements of the claims in the six separate actions involving the Oppenheimer Rochester Funds for the total sum of $89,500,000 in cash should be approved by the Court as fair, reasonable and adequate; whether the actions should be dismissed with prejudice pursuant to the terms and conditions of the settlements; whether the distribution plan for distributing the proceeds of the settlements should be approved; and whether the applications of lead counsel for the payment of attorneys' fees and reimbursement of expenses incurred in connection with the actions, including awards to the representative class plaintiffs in the Actions, should be approved. The settlements of these actions for the classes of shares from the funds during the applicable time periods are: AMT-Free Fund (between May 13, 2006 and October 21, 2008, inclusive) settlement is $17,109,000; Oppenheimer AMT-Free New York Municipal Fund (between May 21, 2006 and October 21, 2008, inclusive) settlement is $4,241,000; Oppenheimer Rochester National Municipal Fund (between March 13, 2006 and October 21, 2008, inclusive) settlement is $26,850,000; Oppenheimer New Jersey Municipal Fund (between April 24, 2006 and October 21, 2008, inclusive) settlement is $3,374,000; Oppenheimer Pennsylvania Municipal Fund (between September 27, 2006 and November 26, 2008, inclusive) settlement is $4,341,000; and Rochester Fund Municipals (between February 26, 2006 and October 21, 2008, inclusive) settlement is $33,585,000.