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Oregon Securities Class Action

Stoll Berne attorneys Tim DeJong and Emily Johnson represented a class of investors in securities seller Portland Development Group Investments, LLC.  The investors alleged that the seller falsely inflated its financial statements that were published in its offering documents, and that the seller’s accounting firm, lawyers, and others were liable for aiding and assisting the securities sales.  A settlement of $2.5 million was approved by the Multnomah County Circuit Court.