Oppenheimer Funds, Inc. : Rochester National Municipals: A, B, C

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Oppenheimer Funds, Inc. : Rochester National Municipals: A, B, C Summary: According to a press release dated March 16, 2009, the complaint filed charges Oppenheimer, the Fund and certain of its Trustees with violations of the Securities Act of 1933. The suit claims that the registration statements and prospectuses used to sell shares in the Fund contained materially false and misleading statements about the risks of investing in the Fund. The lawsuit identified the following funds as affected: A Shares (ORNAX), B Shares (ORNBX) and C Shares (ORNCX). On October 21, 2008, Rochester filed a Prospectus Supplement which alerted investors of the true liquidity risks of the Fund's investments. The Fund closed at $6.59 per share later that day, representing a 49% decline from the Class Period high of $13.00 per share.

On June 17, 2009, by Transfer Order from Judicial Panel on Multidistrict Litigation, this action and many others were transferred to the District of Colorado, MDL 2063, In Re: Oppenheimer Rochester Funds Group Securities Litigation.

On November 18, 2009, Judge John L. Kane issued the Order in the Multidistrict Litigation docket, no. 09-md-02063, appointing Peter Unanue as Lead Plaintiff of the Rochester National Municipal Fund class action and approving his selection of Milberg LLP to serve as Lead Counsel for the class. An Amended Complaint was filed on January 15, 2010. The defendants responded by filing motions to dismiss on April 5, 2010.

According to the Order entered on October 24, 2011, Judge John L. Kane granted the Defendants' 285 Joint Motion to Dismiss the Consolidated Complaints in the Rochester Funds Group Securities Litigation is granted with respect to Plaintiffs' claims under Section 13(a) of the Investment Company Act and denied in all other respects. Defendant MassMutual's 284 Motion to Dismiss is also denied.

INDUSTRY CLASSIFICATION:
SIC Code: 6211
Sector: Financial
Industry: Investment Services

COMPANY/ISSUER NAME:	Oppenheimer Funds, Inc.
COMPANY/ISSUER TICKER:	ORNAX
COMPANY WEBSITE:	http://www.opco.com/

FIRST IDENTIFIED COMPLAINT IN THE DATABASE

Brendan L. Bock, et al. v. , Oppenheimer Funds, Inc. et al.

COURT: D. Colorado	DOCKET NUMBER: 09-CV-00550
JUDGE NAME: Hon. Christine M. Arguello
DATE FILED: 03/13/2009	SOURCE:
CLASS PERIOD START: 03/13/2006	CLASS PERIOD END: 10/21/2008
TYPE OF COMPLAINT: Complaint (Unamended and Unconsolidated)
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Brownstein Hyatt Farber Schreck LLP 410 Seventeenth Street, Suite 2200, Denver, CO, 80202-4432 (voice) 303.223.1100, (fax) 303.223.1100, bjames@bhfs.com Milberg LLP (New York) One Pennsylvania Plaza, 49th Floor, New York, NY, 10119 (voice) 1.877.692.1965, (fax) , ContactUs@milberg.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 2

DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT
Class Action Complaint For Violation Of The Federal Securities Laws And Jury Demand
Type: Docket		Date on the document: 03/13/2009
U.S. District Court Civil Docket
Type: Docket		Date on the document: 06/26/2009

REFERENCE COMPLAINT

In Re: Oppenheimer Rochester Funds Group Securities Litigation

COURT: D. Colorado	DOCKET NUMBER: 09-MD-02063
JUDGE NAME:
DATE FILED: 01/15/2010	SOURCE:
CLASS PERIOD START: 03/13/2006	CLASS PERIOD END: 10/21/2008
TYPE OF COMPLAINT: Consolidated Complaint
PLAINTIFF FIRMS NAMED IN COMPLAINT:
Milberg LLP (New York) One Pennsylvania Plaza, 49th Floor, New York, NY, 10119 (voice) 1.877.692.1965, (fax) , ContactUs@milberg.com _____________________________________________ TOTAL NUMBER OF PLAINTIFF FIRMS: 1

DOCUMENTS FOR THE REFERENCE COMPLAINT
U.S. District Court Civil Docket
Type:		Date on the document: 10/24/2011

OTHER DOCUMENTS
Class Action Complaint For Violation Of The Federal Securities Laws And Demand For Jury Trial
Case Name and/or Number: Ellen Stokar, et al. v. , Oppenheimer Funds, Inc. et al.
Type: Complaint		Date on the document: 03/31/2009
Plaintiff’s Class Action Complaint For Violation Of The Federal Securities Laws And Demand For Jury Trial
Case Name and/or Number: Frank Tackmann, et al. v. , Oppenheimer Funds, Inc. et al.
Type: Complaint		Date on the document: 04/22/2009
Class Action Complaint For Violation Of The Federal Securities Laws And Demand For Trial By Jury
Case Name and/or Number: Estelle Krim, et al. v. , Oppenheimer Funds, Inc. et al.
Type: Complaint		Date on the document: 05/05/2009
Class Action Complaint For Violation Of The Federal Securities Laws And Demand For Jury
Case Name and/or Number: John J. Trueman, et al. v. , Oppenheimer Funds, Inc. et al.
Type: Complaint		Date on the document: 05/06/2009

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