NEW YORK, Nov. 20, 2017 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Oppenheimer Small Cap Revenue ETF (“Oppenheimer Small Cap” or the “Fund”) (NYSE: RWJ). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 9980.
The investigation concerns whether the fund’s manager has engaged in securities fraud or other unlawful business practices.
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On November 19, 2017, The Wall Street Journal reported that “a review of more than three dozen mutual fund and exchange-traded fund advertisements found at least eight [advertisements] were inaccurate,” either containing misleading language or reflecting ratings from the fund rating service Morningstar Inc. (“Morningstar”) that were out-of-date. Regarding Oppenheimer Small Cap, the article reported that an August 23, 2017 digital advertisement for the Fund “claimed a four-star Morningstar rating,” but that “the [F]und’s rating had fallen to three-stars roughly three months before the advertisement appeared.”
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com
Robert S. Willoughby
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SOURCE Pomerantz LLP