Cincinnati, OH (PRWEB) April 16, 2012
The law firm of Statman, Harris & Eyrich, LLC announces that a securities class action lawsuit has been filed against Oppenheimer Global Resource Private Equity Fund I, L.P. and others (“OGRPE Fund”). The complaint, filed by another firm, is pending in the United States District Court for the District of Massachusetts (Case No. 12-cv-10552).
The action alleges defendants violated Sections 12 (a)(2) and/or 15 of the Securities Act of 1933 and rules promulgated thereunder by the Securities and Exchange Commission (“SEC”). Specifically, the lawsuit asserts that the OGRPE Fund solicitation documents overstated the value of the fund’s holdings as well as its profitability and financial performance due to a failure of the OGRPE Fund’s procedures and in violation of applicable laws and standards. The Wall Street Journal reported on February 24, 2012 that the United States Attorney’s Office for the District of Massachusetts, the SEC, and the Massachusetts Attorney General’s Office have been investigating the OGRPE Fund and subpoenaing employees, focusing on whether the fund has been incorrectly valuing its investments.
Investors in the Oppenheimer Global Resource Private Equity Fund I, L.P. who wish to discuss this action are encouraged to contact attorney Brian Giles at (513) 345-8181 or by e-mail to classaction(at)statmanharris(dot)com for further information about this matter without any obligation or cost to you. You have until May 25, 2012 to move for lead plaintiff status. You do not need to take any action at this time to be a class member, and you may retain counsel of your choice.
Statman, Harris & Eyrich, LLC, which has significant experience in consumer and securities fraud class actions and derivative litigation, has offices in Chicago, Illinois; Cincinnati, Ohio; Dayton, Ohio; and Sarasota, Florida. http://www.statmanharris.com Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Statman, Harris & Eyrich, LLC
Brian Giles, Esq.
441 Vine Street, Suite 3700
Cincinnati, Ohio 45202
Phone: (513) 345-8181