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Rating:OpFunds Escapes a Fraud Lawsuit Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, April 11, 2013

OpFunds Escapes a Fraud Lawsuit

News summary by MFWire's editors

Oppenheimer Funds [profile] is no longer staring at the possibility of paying up $700 million in a lawsuit, according to a Bloomberg report. A New York judge tossed out fraud charges being brought by TSL USA Inc., Bryant Park Funding LLC and Liberty Street Funding LLC related to use of OpFunds' AAArdvark arbitrage system, according to reporter Joel Rosenblatt. For more details on the now-dismissed case, check out the original article here

Edited by: Ben Geier


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