PRWeb.com Press Release Feed - PRWeb Press Release Account Feed http://www.prweb.com PRWeb.com Press Release Feed - Press Releases en PRWeb Distribution Newswire http://www.prweb.com/images_v4/prweb_logo_hv.jpg http://www.prweb.com 200 46 xml@emediawire.com xml@emediawire.com 30 Sparer Law Group Announces Class Action Lawsuit Against Oppenheimer California Municipal Fund http://www.prweb.com/releases/2009/02/prweb2004854.htm Sparer Law Group has filed the first class action lawsuit on behalf of investors in the Oppenheimer California Municipal Fund. The lawsuit alleges that Oppenheimer misled investors by describing the fund as seeking income "consistent with preservation of capital," while purchasing lower grade bonds concentrated in the real estate industry. The net asset value of the Oppenheimer California Municipal Fund decreased by over 41% in 2008, losing more than $1.1 billion. (PRWeb Feb 10, 2009)

Read the full story at http://www.prweb.com/releases/2009/02/prweb2004854.htm

]]> http://www.prweb.com/releases/2009/02/prweb2004854.htm