Stoll Berne obtained from Tonkon Torp a settlement of at least $18.5 million for all Aequitas investors. Tonkon Torp is the Portland law firm that served as securities counsel for Aequitas. The settlement represents all of Tonkon Torp’s available insurance and is the maximum recovery investors could obtain from Tonkon Torp. Stoll Berne attorneys Keith Ketterling, Tim DeJong, Jen Wagner, Jake Gill, and Nadia Dahab have filed a motion asking the U.S. District Court (Oregon) to approve this class action settlement. Stoll Berne will continue to aggressively pursue claims against the remaining defendants, Deloitte & Touche, Sidley Austin, TD Ameritrade, Duff & Phelps, EisnerAmper, and Integrity Bank.
July 17, 2018, The Portland Business Journal: Attorney explains $18.5 million Aequitas settlement, calls it ‘maximum’ recovery
July 17, 2018, The Portland Business Journal: One of Portland’s largest law firms to pay $18.5M as Aequitas fallout begins
July 16, 2018, Oregonlive: Tonkon Torp to pay $18.5 million for its role in Aequitas scandal