The Class alleges that various Oppenheimer entities and certain individual defendants made materially false or misleading statements and omissions to the investing public regarding the investment profile and objectives of the Oppenheimer Core Bond Fund, a series of Oppenheimer Integrity Funds (the "Core Bond Fund") in violation of Sections 11, 12(a)(2), and 15 of the 1933 Act, which had the effect of artificially inflating the price of Core Bond Fund shares.
The claims administrator identified class members who purchased or otherwise acquired shares of the Core Bond Fund during the period from April 30, 2007 through December 31, 2008, inclusive, and were allegedly damaged thereby. All class members received a notice by mail.
On June 1, 2011, the Honorable John L. Kane of the United States District Court for the District of Colorado granted preliminary approval to a settlement in the amount of $47.5 million in the class action In re Core Bond Fund, No. 09-cv-1186-JLK-KMT.