Oppenheimer Champion Income Fund Lawsuits

By Carl Saiontz
Posted April 16, 2009

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The financial fraud lawyers at Saiontz & Kirk, P.A. are reviewing potential arbitration claims on behalf of investors in the Oppenheimer Champion Income Fund who have suffered losses in excess of $50,000. Potential Oppenheimer Champion Fund lawsuits are being reviewed throughout the United States and there are no fees or expenses unless a recovery is obtained.

>>REVIEW A POTENTIAL OPPENHEIMER INVESTOR LAWSUIT<<

While investors were told that they were purchasing a relatively conservative bond fund which would preserve their capital while generating income, fund managers changed their investment style without properly informing shareholders and exposed the fund to greater risk than investors otherwise agreed to accept.

The Oppenheimer Champion Income Fund has suffered devastating losses since July 2008, largely associated with risky gambles made on mortgage-backed securities and corporate bonds. The fund managers failed to adhere to the stated investment objectives of not taking any undue risk and failed to disclose the extent of investors’ exposure to derivatives and other illiquid securities.

Investors may be entitled to recover their losses through an Oppenheimer Champion Income Fund arbitration claim filed with the Financial Industry Regulatory Authority (FINRA), which oversees about 5,000 different brokerage firms throughout the United States.

OPPENHEIMER CHAMPION INCOME FUND LAWYERS

For losses in excess of $50,000 or more, our Oppenheimer Champion Income Fund lawyers recommend that investors review the individual arbitration options, rather than relying on the pending Oppenheimer Champion Income Fund class action lawsuit, which will likely not place them in the best position to recover their losses in the shortest amount of time.

If you, a friend or family member have experienced significant losses in the value of an investment in the Oppenheimer Champion Income Fund (NASDAQ: OPCHX, OCHBX, OCHCX, OCHNX, OCHYX), contact our financial fraud attorneys today by requesting a free consultation and claim evaluation.