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Corporate & Securities Law

: Representing Investors

Oppenheimer Funds Sued By Oregon 529 College Savings Plan

By Keith Griffin

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Oppenheimer Funds, one of the bigger players of 529 college savings plans with $4 billion under management, has been sued by the state of Oregon for gambling on exotic derivatives in the Oregon 529 College Savings Network. Oppenheimer?s ill-fated bets eventually resulted in $36 million in losses.  In the complaint filed April 13, Oregon contends that [...]

Full post as published by Representing Investors on April 14, 2009 (boomark / email).

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