Class-action settlement · Closed — deadline passed
This claim window has closed. The deadline we have on file is September 17, 2026. Check the official page before spending time on this record — deadlines are sometimes extended, and where the official notice disagrees with this page, the notice is right.
Oppenheimer Advantage Bank Deposit Program settlement
People and entities whose cash sat in Oppenheimer's Advantage Bank Deposit Program between March 17, 2022 and May 22, 2026 may be eligible for a share of a $70 million fund, over the interest paid on swept cash balances. Payments are pro rata under a plan of allocation based on balances and how long they were held, so no per-person figure is published. A claim asks for account statements showing the balances and dates, though most class members are already identified from Oppenheimer's own records. The deadline is September 17, 2026 and is close, filing is free, and the administrator decides who is paid.
Facts from the official materials
- Status
- Closed — deadline passed
- Type
- Class-action settlement
- Category
- Banking and finance
- Defendant / company
- Oppenheimer Holdings Inc. and Oppenheimer & Co. Inc.
- Administrator
- Verita Global (settlement administrator)
- Claim deadline
- September 17, 2026
- Eligibility period
- March 17, 2022 – May 22, 2026
- States
- See official notice (often nationwide)
- Proof
- Account or service history may be required
- Possible amount
- Share of a $70M fund
- Source confidence
- medium
- Last verified
- September 9, 2026
Covered products and services
- Oppenheimer Advantage Bank Deposit Program
Liberty Capital Group v. Oppenheimer Holdings Inc., et al. · 1:25-cv-04822-JSR · U.S. District Court, Southern District of New York
Payments are pro rata from a $70 million fund under a plan of allocation based on account balances and how long they were held, so there is no per-person figure and nothing is guaranteed. Most class members are already identified from Oppenheimer's records.
The claim deadline for this record has passed, so there is no eligibility check or tracker here. Check the official site for any remaining updates — payment news in particular — before you act.
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