Steven Mitchell, et al. v. Oppenheimer & Co., Inc., et al.

CourtDistrict Court, W.D. Washington
DecidedJune 15, 2026
Docket3:25-cv-05907
StatusUnknown

This text of Steven Mitchell, et al. v. Oppenheimer & Co., Inc., et al. (Steven Mitchell, et al. v. Oppenheimer & Co., Inc., et al.) is published on Counsel Stack Legal Research, covering District Court, W.D. Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Steven Mitchell, et al. v. Oppenheimer & Co., Inc., et al., (W.D. Wash. 2026).

Opinion

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5 UNITED STATES DISTRICT COURT 6 WESTERN DISTRICT OF WASHINGTON AT TACOMA 7 STEVEN MITCHELL, et al., CASE NO. C25-5907 BHS 8 Plaintiffs, ORDER 9 v. 10 OPPENHEIMER & CO., INC., et al., 11 Defendants. 12

13 THIS MATTER is before the Court on defendant Oppenheimer’s motion to 14 dismiss plaintiffs’ claims against it, Dkt. 14. 15 Plaintiffs Steven Mitchell, Dori Mitchell, Jerome Hopper, and Lori Hopper allege 16 defendant John Woods defrauded them of millions of dollars in a Ponzi scheme while he 17 worked at Oppenheimer. Mitchell1 alleges Oppenheimer knew of and perpetuated the 18 fraudulent activity. 19 Oppenheimer is a brokerage and investment bank. Id. at 2. While it is registered in 20 and primarily based out of New York, it has offices nationwide, including two in 21

22 1 The Court refers to plaintiffs collectively as “Mitchell” for ease of reference. 1 Washington state. Id.; Dkt. 14 at 15; Dkt. 27 at 14. It is a registered securities broker- 2 dealer in Washington. Dkt. 1 at 2. Woods is a former Oppenheimer investment broker. Id. 3 In 2008, while Woods was senior vice president of investments at Oppenheimer’s

4 Atlanta office, he founded Horizon Private Equity. Id. at 3–4. Horizon was registered in 5 and operated out of Georgia. Id. at 7. Woods also owned and controlled Southport 6 Capital, based in Georgia. Id. at 6. In 2015, Southport employee Michael Mooney met 7 with Mitchell in Seattle to promote Horizon’s investment products. Id. Mooney shared 8 promotional materials allegedly depicting Horizon as sponsored by Oppenheimer,

9 introduced Woods as the “guy that put all this together,” and provided Woods’ contact 10 information. Id. at 6–7. After confirming Woods’ connections to Oppenheimer, Mitchell 11 invested in Horizon in 2016. Id. 12 In 2021, Mitchell brought a Financial Industry Regulatory Authority (FINRA) 13 arbitration against Oppenheimer, alleging it had a role in Woods’ Ponzi scheme. Dkt. 14

14 at 11; Oppenheimer & Co. Inc. v. Mitchell, No. 23-cv-00067-MJP, Dkt. 1. Oppenheimer 15 sued in this District to obtain a declaratory judgment and to enjoin the arbitration, arguing 16 it was not required to arbitrate because Mitchell was not its customer under the FINRA 17 rules. Id. Judge Pechman agreed and ruled in Oppenheimer’s favor. 2024 WL 1492874, 18 at *6 (W.D. Wash. 2024).

19 In 2023, Woods pled guilty in federal court to wire fraud arising out of the 20 Horizon Ponzi scheme. Id. at 7–8. He is serving his sentence in a federal prison in 21 Alabama. Id. at 2. 22 1 In April 2025, the Ninth Circuit affirmed Judge Pechman’s Order. 135 F.4th 837 2 (9th Cir. 2025). It held that Mitchell was not an Oppenheimer customer because he “did 3 not purchase commodities or services from John Woods or any other associated person of

4 Oppenheimer,” and was therefore not entitled to FINRA arbitration. Id. at 851–52. 5 In October 2025, Mitchell sued Woods and Oppenheimer in this Court. Dkt. 1. He 6 brings Georgia RICO, Securities Act of Washington, negligence, and negligent 7 misrepresentation claims against both defendants. He also brings a negligence per se 8 claim against Oppenheimer under 17 C.F.R. § 275.206(4)-7 and Georgia and Washington

9 regulations. 10 Oppenheimer2 moves to dismiss all of Mitchell’s claims against it on several 11 grounds. Dkt. 14. Under Rule 12(b)(2), it argues that it is not subject to personal 12 jurisdiction in Washington. It further argues Mitchell’s claims are time barred because 13 the relevant statutes of limitations and repose have lapsed. It also raises claim and issue

14 preclusion, arguing that Mitchell should have countersued in the first case before Judge 15 Pechman. Finally, it contends Mitchell does not adequately allege his Georgia RICO 16 claim. Because the Court concludes that it does not have personal jurisdiction over 17 Oppenheimer, it need not address the latter arguments. 18

19 2 Woods purports to join Oppenheimer’s motion to dismiss, arguing that because it has been “determined as a matter of law that Plaintiffs had no relationship or communications with 20 Woods, this Court does not have personal jurisdiction over Woods.” Dkt. 29. Mitchell’s complaint plainly contradicts this assertion. Dkt. 1 at 7 (“Woods backed that up in his telephone 21 conversation with Mr. Hopper while also touting his experience at Oppenheimer.”). And it appears that Mooney acted as Woods’ agent. Id. at 6–7. Woods’ arguments for lack of personal 22 jurisdiction fail and Mitchell’s claims against him remain. 1 I. DISCUSSION 2 Oppenheimer moves to dismiss for lack of personal jurisdiction. Dkt. 14 at 15. It 3 argues it is incorporated and principally based in New York, and that there are no

4 “allegations of any contact, at any time . . . between any Oppenheimer employee” and 5 Mitchell to confer specific jurisdiction. Id. at 15–16 (citing Daimler v. Bauman, 571 U.S. 6 117, 138 (2014)). Mitchell responds that Oppenheimer’s business contacts in Washington 7 are strong, and that the Court’s exercise of personal jurisdiction would be reasonable. 8 Dkt. 27 at 13–14.

9 In a motion to dismiss for lack of personal jurisdiction under Rule 12(b)(2) of the 10 Federal Rules of Civil Procedure, the plaintiff bears the burden of establishing that the 11 court has jurisdiction over the defendant. Schwarzenegger v. Fred Martin Motor Co., 374 12 F.3d 797, 800 (9th Cir. 2004). Absent an evidentiary hearing, plaintiffs need only make a 13 prima facie showing of jurisdictional facts to withstand a motion to dismiss. Id. That is,

14 the plaintiff need only demonstrate facts that if true would support jurisdiction over the 15 defendant. Ballard v. Savage, 65 F.3d 1495, 1498 (9th Cir. 1995). A plaintiff cannot 16 simply rest on the bare allegations of its complaint, but rather is obligated to come 17 forward with facts, by affidavit or otherwise, supporting personal jurisdiction. Amba 18 Marketing Systems, Inc. v. Jobar International, Inc., 551 F.2d 784, 787 (9th Cir. 1977).

19 “Conflicts between parties over statements contained in affidavits must be resolved in the 20 plaintiff's favor.” Schwarzenegger, 374 F.3d at 800. 21 To establish personal jurisdiction, a party must show both that the forum state’s 22 long-arm statute confers personal jurisdiction over an out-of-state defendant, and that the 1 exercise of jurisdiction would be consistent with federal due process requirements. 2 Glencore Grain Rotterdam B.V. v. Shivnath Rai Harnarain Co., 284 F.3d 1114, 1123 (9th 3 Cir. 2002). Washington’s long-arm statute extends the court’s personal jurisdiction to the

4 broadest reach that the United States Constitution permits, so the jurisdictional analysis 5 under state law and federal due process are the same. Byron Nelson Co. v. Orchard 6 Mgmt. Corp., 95 Wn. App. 462, 465 (1999); Schwarzenegger, 374 F.3d at 800–01. Due 7 process requires that a nonresident defendant “have at least ‘minimum contacts’ with the 8 relevant forum such that the exercise of jurisdiction ‘does not offend traditional notions

9 of fair play and substantial justice.’” Id. at 801 (citing Int’l Shoe Co. v. Wash., 326 U.S. 10 310 (1945)). 11 A court may exercise either general or specific jurisdiction over a nonresident 12 defendant. Dole Food Co. v.

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Bluebook (online)
Steven Mitchell, et al. v. Oppenheimer & Co., Inc., et al., Counsel Stack Legal Research, https://law.counselstack.com/opinion/steven-mitchell-et-al-v-oppenheimer-co-inc-et-al-wawd-2026.