Napoli Bern Ripka Law Firm

Plaintiffs' Personal Injury Law Firm

Oppenheimer Core Bond Fund

Napoli Bern Ripka LLP is continuing its investigation of fraudulent activity of the Oppenheimer Core Bond Fund

We have completed our investigation into the Oppenheimer Champion Income Fund (OCHBX, OPCHX and OCHCX) and the Oppenheimer Core Bond Fund (OPIGX) Fund and plan on filing FINRA arbitration lawsuits to recover investment losses in the Funds for fraud and the failure to disclose the material risks of the Fund. Unknown to most clients, the Funds invested in extraordinarily risky derivatives that were highly illiquid. None of these risks were properly disclosed to investors. According to the findings of our investigation, the Funds were touted as a conservative.

As a result of Oppenheimer's misrepresentations, many investors who thought they were receiving a high income fund with the standard risks associated with it instead have suffered losses of approximately 80% in 2008 and 35% in the Core Bond Fund. The Champion Fund dropped a 55% in November of 2008 alone. For calendar year 2008, Champion Income has lost 79.1%, the second worst loss for any peer group fund.

Oppenheimer Champion Income Fund failed to make meaningful disclosures about the risks of the fund and instead used boilerplate language that did not fully disclose the risk associated with the fund.

If you suffered losses in these funds, we can help.

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