Oppenheimer Champion Income Fund – OPCHX

Napoli Bern Ripka LLP is currently seeking clients who have incurred losses due to mismanagement of assets by Oppenheimer Funds, and in particular, the Oppenheimer Champion Income Fund. This fund was marketed to investors as being a diversified, conservative high-income fund. Unbeknownst to many investors and without the approval of shareholders, the fund invested over 25% of its assets in risky mortgage-backed securities. As a result of risky investments in mortgage-backed securities and other illiquid derivatives, the fund’s value plummeted more than 80% in 2008, while similarly categorized funds dropped an average of 32%.

Securities litigation of this kind is highly complex. The attorneys at Napoli Bern Ripka have experience litigating hundreds, if not thousands, of cases involving investment losses such as those caused by Oppenheimer’s mismanagement. We are currently handling numerous similar cases where another asset management firm, Morgan Keegan & Co., made misrepresentations to investors that resulted in losses. If you are an institutional investor, such as an endowment or pension fund, or an individual, please do not hesitate to contact us today to discuss your potential claim against Oppenheimer.