US Airways v Oppenheimer & Co. Inc. - $30 million ARS Award

In January 2013, a FINRA arbitration panel in New York, NY ordered Oppenheimer to pay US Airways $30 million as compensation for losses on Camber, Capstan and Pivot credit-linked auction rate securities. The award was made after a hearing wherein the Claimants alleged that Respondents breached fiduciary duties and misrepresented the ARS. Dr. McCann and Mr. Meyer testified on behalf of the Claimants.