Georgia court confirms $36.7M FINRA award against Oppenheimer; appeal considered

OPPENHEIMER HOLDINGS INC

Superior Court orally confirmed $36,744,276.26 arbitration award against Oppenheimer & Co. Inc. on Jan 30, 2023.
Oppenheimer already fully reserved for the award in Q3 2022, including accrued interest through Dec 31, 2022.
Motion to vacate cited arbitrator bias, failure to postpone for key witnesses, and manifest disregard of law.
Oppenheimer is considering an appeal of the ruling to the Georgia Court of Appeals.

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