April 14, 2009
Oregon Sues Oppenheimer over 529 Plan
Orgeon sued Oppenheimer Funds charging that the money manager understated risks in its 529 College Savings bond fund that lost $36 million. According to the state, Oppenheimer did not disclose that the fund invested in credit default swaps and other high-risk derivative instruments. WSJ, Oregon Sues Over Risks Taken In Its '529' Fund.
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