Firms Vie For Lead In Oppenheimer Muni Bond MDL

Law360, New York (July 14, 2009, 12:00 AM EDT) -- A slew of law firms have asked to be appointed lead plaintiffs counsel in the multidistrict litigation over several OppenheimerFunds Inc. mutual funds that allegedly invested money in junk bonds and risky derivatives even though they claimed to focus on investment-grade municipal bonds.

On Monday, five separate groups of plaintiffs filed motions in the U.S. District Court for the District of Colorado to have their cases consolidated with the MDL, which is currently pending in that court; be appointed lead plaintiff; and have their chosen counsel...
To view the full article, register now.