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. 

Stoll Berne team members Tim DeJong and Emily Johnson represented the investors in the class action lawsuit filed against PDGI’s lawyers, tax accountants, managing broker dealer and Keiretsu Forum Northwest for aiding and participating in PDGI’s unlawful sales of securities. 

 

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