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Stoll Berne Appointed Co-Lead Counsel in Massive GPB Ponzi Scheme Class Action

Stoll Berne was appointed co-lead counsel in a proposed class action pending in the United States District Court in Austin, Texas. The lawsuit asserts that GPB Capital Holdings, LLC partnered with Ascendant Capital, LLC (formerly an Austin, Texas based branch of Axiom Capital Management, Inc.) and Ascendant Alternative Strategies, LLC to perpetrate a nearly $2 billion Ponzi scheme, and that the misconduct was facilitated by auditors and other professionals.

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Settlement Approved in PDGI Securities Litigation

A $2.25 million class settlement was approved by the Multnomah County (Oregon) Circuit Court on behalf of approximately 65 investors in Portland Development Group Investments, Inc. (“PDGI”). PDGI was in the business of developing luxury homes in Portland, Oregon. It sold securities to fund the development. 

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Stoll Berne Elects Two New Shareholders

Stoll Berne recently elected two new shareholders, Lydia Anderson-Dana and Cody Berne. “We are thrilled to have them join the shareholders after years of dedicated service to clients and the firm. They both make excellent additions,” said Keith Dubanevich, a shareholder on the firm’s Management Committee.

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