| Company: | Rochester Fund Municipals |
| Ticker Symbol: | RMUNX |
| Class Period: | Feb-26-06 to Oct-21-08 |
| Date Filed: | Feb-25-09 |
| Lead Plaintiff Deadline: | Apr-26-09 |
| Court: | Eastern District of New York |
| Allegations: | |
According to the complaint, Rochester Fund Municipals ('Rochester Fund') and certain of its Trustees violated the Securities Act of 1933 by failing to disclose in the Registration Statements through which shares of the Fund were sold that under certain circumstances Trusts which contain Inverse Floaters, such as those employed by the Fund, may be put to the Fund for repayment of principal.
The plaintiff also alleges that on October 21, 2008, Rochester Fund filed a Prospectus Supplement which disclosed the relevant risks associated with the Fund's investment in Inverse Floaters and as a result of these disclosures, as of October 21, 2008, the Fund's shares traded at $12.35 per share, down from $18.00 per share at the beginning of the year, so the lawsuit.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
