Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, 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.

http://lawprofessors.typepad.com/securities/2009/04/oregon-sues-oppenheimer-over-529-plan.html

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