September 30, 2025
A New York federal judge tossed a proposed class action accusing United States Oil Fund LP and its backers of misleading investors during the 2020 oil crash, finding it does not plead actionable misstatements or omissions about pandemic-related risks the exchange-traded fund faced, or knowledge of wrongdoing by the defendants.
September 17, 2020
Robbins Geller Rudman & Dowd LLP will lead a consolidated securities suit in New York federal court accusing the United States Oil Fund LP of misleading investors about the risks posed by "exceptional threats" like an oil price war between Russia and Saudi Arabia and the COVID-19 pandemic.