Summary
Securities fraud claim survives motion to dismiss by alleging that municipal fund managers used Level 3 (unobservable) inputs to value highly risky derivative instead of the observable inputs (actual sales date), as promised in fund disclosures.
See Also
In re Oppenheimer Rochester Funds Group Securities Litigation
Securities fraud claim survives motion to dismiss by alleging that municipal fund managers used Level 3 (unobservable) inputs to value highly risky derivative instead of the observable inputs (actual sales date), as promised in fund disclosures.