Oppenheimer PE Fund Whistleblower Sues For Retaliation

Law360, New York (February 13, 2014, 6:55 PM EST) -- An anonymous former Oppenheimer & Co. Inc. employee has sued the firm in New York federal court for allegedly firing him in retaliation after he blew the whistle on a scheme to inflate the value of a private equity fund.

The plaintiff, identified in the Feb. 6 complaint as John Doe, said he was terminated after internally reporting concerns about the valuation of Oppenheimer Global Resource Private Equity Fund I LP, or OGR. The plaintiff also filed a whistleblower complaint with the U.S. Securities and Exchange...
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