Stoll Berne Obtains Preliminary Court Approval for $234.6 Million Aequitas Settlement

On August 8, 2019, the U.S. District Court (Oregon) preliminarily approved three proposed class action settlements totaling $234.6 million on behalf of a class of Aequitas investors. The settling defendants are Deloitte & Touche, EisnerAmper, TD Ameritrade, Sidley & Austin, Tonkon Torp, Duff & Phelps and Integrity Bank. Notices will be mailed to members of the proposed class prior to September 4, 2019. A hearing is scheduled for November 26, 2019 at 9:00 am for the court to consider final approval of the settlement and related matters.