$70M Oppenheimer Cash Sweep Class Action Settlement
Not sure if this settlement applies to you?
Take our 60-second eligibility quiz to find every settlement you qualify for — including this one.
Who Is Eligible?
You may be eligible to file a claim if you:
- You had an Oppenheimer & Co. brokerage account at any point between March 2022 and May 2026
- Your account participated in the Automatic Bank Deposit (ABD) cash sweep program, where uninvested cash was automatically swept into bank deposit accounts
- You are a current or former Oppenheimer customer who held a qualifying account during the covered period
- You have not previously released your claims against Oppenheimer related to the cash sweep program
How Much Can You Get?
The total settlement fund is $70 million, which will be distributed among eligible ABD Program customers who submit valid claims. The exact amount each person receives will depend on factors like how much cash was swept through your account and for how long during the covered period — meaning customers with larger account balances or longer participation in the program may receive a higher payout. Specific per-claimant payout amounts have not yet been publicly confirmed, so the final payment could range from a modest sum to a more significant amount depending on your account activity. Keep an eye on settlement updates as the claim review process progresses after the September 17, 2026 deadline.How to File Your Claim
Filing your claim is quick and easy:
- Check your eligibility: Confirm you had an Oppenheimer brokerage account enrolled in the ABD cash sweep program between March 2022 and May 2026
- Gather your account information: Have your Oppenheimer account number and any statements from the covered period handy — these may help support your claim
- Complete the claim form: Fill out the official settlement claim form with your account details and contact information before the September 17, 2026 deadline
- Submit your claim: File your completed claim form through the official settlement website or claims administrator portal
- Track your claim: Download Class Action Buddy to get reminders about the deadline, track your submission status, and discover other settlements you may qualify for
💡 Easier way: File with Class Action Buddy
Skip the paperwork. Our app auto-fills your claim form with your saved profile and submits it electronically in under 2 minutes.
Download for iPhone Download for AndroidFrequently Asked Questions
What is the deadline to file a claim for the $70M Oppenheimer Cash Sweep Class Action Settlement?
The current deadline to file a claim is Sep 17, 2026. Note: claims sent by mail must be postmarked by this date, and Class Action Buddy ships claim forms with a 7-day mailing buffer to ensure on-time delivery.
Do I need proof of purchase for the $70M Oppenheimer Cash Sweep Class Action Settlement?
Yes — this settlement requires proof of purchase. Acceptable proof typically includes receipts, credit card statements, photos of the product, or order confirmation emails. Check the official claim form for specifics.
How do I file a claim for the $70M Oppenheimer Cash Sweep Class Action Settlement?
You have two options: (1) Use the free Class Action Buddy mobile app — set up your profile once and the app auto-fills the PDF claim form, captures your signature, and submits the claim by mail on your behalf. (2) File directly with the settlement administrator using the official claim form linked on this page.
What is the Oppenheimer cash sweep class action settlement about?
The lawsuit claims that Oppenheimer & Co. steered customers' uninvested cash into its Automatic Bank Deposit (ABD) program, which paid relatively low interest rates while the firm benefited financially. Oppenheimer agreed to a $70 million settlement to resolve these claims without admitting wrongdoing.
How do I know if my Oppenheimer account was part of the ABD cash sweep program?
If you had a brokerage account with Oppenheimer between March 2022 and May 2026, check your account statements for references to the Automatic Bank Deposit (ABD) program or cash sweep deposits. You can also contact Oppenheimer directly or review your account history online to confirm participation.
What is the deadline to file a claim in the Oppenheimer settlement?
The deadline to submit your claim is September 17, 2026. Make sure to file before this date to be eligible for a payout from the $70 million settlement fund.
Ready to File Your Claim?
We're adding new settlements regularly. Download the app to get notified when this one is available.
Download Class Action Buddy →Get Notified About New Settlements
We find new class action settlements every week. Get alerts so you never miss free money.
No spam. Unsubscribe anytime. We respect your privacy.