{"id":11276,"date":"2009-08-18T00:00:00","date_gmt":"2009-08-18T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"oregon-wins-first-round-against-college-fund-manager","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2009\/oregon-wins-first-round-against-college-fund-manager.html","title":{"rendered":"Oregon wins first round against college fund manager"},"content":{"rendered":"<p>Oregon Live &#8211; Oregon won the first round in a $36 million court battle against the former investment manager of its college fund by keeping the lawsuit out of federal court. <\/p>\n<p>U.S. District Judge Michael Hogan ruled that the case be remanded to the Marion County Circuit Court, rejecting an attempt by OppenheimerFunds to avoid the jurisdiction of an Oregon court. <\/p>\n<p> <a name=\"more\"><\/a><\/p>\n<p>Attorney General John Kroger and Treasurer Ben Westlund have sued OppenheimerFunds for $36 million, saying it falsely promoted a high-risk college investment plan as &quot;conservative.&quot; OppenheimerFunds&#8217; Core Bond Fund, valued at $89 million in the state&#8217;s College Savings Plan last September, caused big losses in eight of 15 Oregon college investment portfolios, including those labeled conservative or ultraconservative. <\/p>\n<p><strong><a href=\"http:\/\/www.oregonlive.com\/news\/index.ssf\/2009\/08\/oregon_wins_first_round_agains.html\" target=\"_blank\" title=\"Read Complete Article\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oregon Live &#8211; Oregon won the first round in a $36 million court battle against the former investment manager of its college fund by keeping the lawsuit out of federal court. U.S. District Judge Michael Hogan ruled that the case [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[15380,6961,15382,10200,10203,15383,2420,4522,15387,1135,8490,15388,1722,15379,15381,10256,15386,15384,15385,10257],"class_list":["post-11276","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-ben-westlund","tag-bond-fund","tag-college-investment","tag-college-savings-plan","tag-core-bond","tag-court-attorney","tag-high-risk","tag-investment-manager","tag-investment-plan","tag-investment-portfolios","tag-judge-michael","tag-kroger","tag-last-september","tag-marion-county-circuit-court","tag-michael-hogan","tag-oppenheimerfunds","tag-oregon-college","tag-oregon-court","tag-oregon-live","tag-s-college"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=11276"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/11276\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=11276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=11276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=11276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}