Allegations have been made in Court proceedings that Oppenheimer, which runs the Rochester Fund Municipals, failed to disclose the risks of investing in the Fund.   On October 21, 2008, Rochester filed a Prospectus Supplement which belatedly disclosed the relevant risks.   This of course did not help those who had already invested and suffered losses.  The allegations identify the following funds as affected: A Shares (RMUNX), B Shares (RMUBX), and C Shares (RMUCX). If your financial adviser or broker recommended Oppenheimer Rochester Fund Municipals to you without fully disclosing the risks of the investment, you may be able to recover your losses.   Our firm is accepting cases involving the failure to disclose the risks of Oppenheimer Rochester Fund Municipals on a contingency fee basis, where our fee is based on what we actually recover for our clients.  Although a class action is pending, history shows that class actions actually rarely produce a satisfactory outcome for individual investors, who normally only receive pennies on the dollar from class action settlements.

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