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Stock Market & Financial Investment News

News Breaks
February 3, 2013
15:36 EDTDB, LCC, OPYOppenheimer ordered to pay U.S Airways $30M from ARS losses
In a regulatory filing from Friday, Oppenheimer Holdings (OPY) disclosed that an arbitration panel issued an order awarding US Airways (LCC) $30M in damages, including interest and costs, on a claim of approximately $140M (adjusted down from $253M). As previously reported, in February 2009, Oppenheimer received notification of a filing of an arbitration claim before FINRA captioned US Airways v. Oppenheimer seeking an award compelling Oppenheimer to purchase approximately $253M in Auction Rate Securities,ARS, issued by Deutsche Bank( DB), and previously purchased by US Airways through Oppenheimer. The effect of the award will result in a fourth quarter after-tax charge of $17.9M. The company is extremely disappointed with the decision of the panel and will pursue its previously filed arbitration against Deutsche Bank Securities, in an effort to recover the amount of the award plus all associated costs of the case. Oppenheimer is also currently considering whether to file a motion to vacate the order.
News For OPY;LCC;DB From The Last 14 Days
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January 30, 2015
08:03 EDTOPYOppenheimer Holdings reports Q4 EPS 20c, compared to 99c a year ago
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January 29, 2015
05:49 EDTDBDeutsche Bank reports Q4 net income EUR 441M vs. EUR (1.8B) last year
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January 28, 2015
16:56 EDTDBFederal judge says FOREX manipulation case to proceed, Reuters reports
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08:28 EDTDBDeutsche Bank may issue statement Thursday regarding Postbank, WSJ says
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January 27, 2015
13:43 EDTOPYOppenheimer Holdings to pay $20M to settle penny-stock cases
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06:52 EDTDBEuropean Central Bank raises capital requirements for banks, WSJ says
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