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Oppenheimer Cash Sweep Litigation
Eligibility
The settlement recognizes five tiers of ABDP participation based on deposit balance: Tier 1: $0.01 to $249,999.99 Tier 2: $250,000 to $499,999.99 Tier 3: $500,000 to $999,999.99 Tier 4: $1,000,000 to $4,999,999.99 Tier 5: $5,000,000 and greater How much can class members receive? The total settlement fund is $70,000,000, which the settlement administrator will distribute to class members after deducting court-approved attorneysβ fees, litigation expenses, notice and administration costs, and taxes. Each class memberβs payment will depend on: The number of valid claims submitted The amount of time each class member participated in the ABDP Their deposit balance and applicable tier The settlem