OPPENHEIMER HOLDINGS INC. Settles "Cash Sweep" Litigation
Oppenheimer Holdings, Inc. Class A (DE) (OPY)
US:NYSE Investor Relations:
opco.com/investor-relations/index.aspx
Company Research
Source: PR Newswire
NEW YORK, April 24, 2026 /PRNewswire/ - Oppenheimer Holdings Inc. ("OPY") today announced that its principal operating subsidiary, Oppenheimer & Co. Inc. ("Oppenheimer"), reached an agreement to settle the previously disclosed litigation styled Liberty Capital Group, Individually and on Behalf of All Others Similarly Situated v. Oppenheimer Holdings Inc., Oppenheimer & Co. Inc., and Oppenheimer Asset Management Inc., No. 1:25-cv04822-JSR which was filed in the United States District Court for the Southern District of New York in June of 2025 (the "District Court"). This case is one of approximately 25 cases filed against various financial institutions concerning their "cash sweep" programs pursuant to which idle customer cash was "swept" into a bank demand deposit account that provided insurance from the Federal Deposit Insurance Corporation ("FDIC"), liquidity and access through check-writing.On December 8, 2025, the District Court issued its decision granting class certification (th
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News
- OPPENHEIMER HOLDINGS INC. Settles "Cash Sweep" Litigation [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- OPPENHEIMER HOLDINGS INC. Settles "Cash Sweep" Litigation [TheStreet.com]TheStreet.com
- Oppenheimer (OPY) was upgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "buy (b-)" to "buy (b)".MarketBeat
- Oppenheimer Adds David Fleming to Private Client Division Leadership TeamPR Newswire
- Oppenheimer Names Bill Farmer Managing Director, Head of Aerospace & Defense Technology Investment BankingPR Newswire
OPY
Sec Filings
- 3/13/26 - Form DEF
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- OPY's page on the SEC website