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In re: United States Oil Fund, LP Securities Litigation
Case Number:
1:20-cv-04740
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Abraham Fruchter
- A&O Shearman
- Cuddy & Feder
- Freshfields
- Glancy Prongay
- Labaton Keller
- Law Offices of Curtis V. Trinko
- Levi & Korsinsky
- Paul Weiss
- Pomerantz LLP
- Robbins Geller
- Ropes & Gray
- Wolf Haldenstein
Companies
- ABN AMRO Bank NV
- Bank of America Corp.
- BNP Paribas SA
- Citigroup Inc.
- Credit Suisse Group AG
- Deutsche Bank AG
- JPMorgan Chase & Co.
- Morgan Stanley
- Nomura Holdings Inc.
- RBC Capital Markets
- The Goldman Sachs Group Inc.
- UBS Group AG
- Virtu Financial Inc.
Sectors & Industries:
-
September 30, 2025
US Oil Fund Beats Investor Suit Over COVID-Era Disclosures
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 To Lead Investor Suit Against US Oil Fund
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.