April 5, 2016 - "Aequitas investors file suit against Tonkon Torp," Oregon Live by Jeff Manning
Investors burned in the flameout of Aequitas Capital Management have filed suit against Portland law firm Tonkon Torp and accounting giant Deloitte & Touche, claiming the firms enabled the massive Ponzi scheme allegedly masterminded by the Lake Oswego financial company.
"Investors trusted Aequitas and their trust was abused," said Keith Ketterling, of the Stoll Berne Lokting & Shlachter firm in Portland. "The law makes the lawyers and accountants responsible to the same extent as Aequitas, because these professionals are the gatekeepers, and their services lend credibility to the investments."
March 11, 2016 - "How Portland professionals can do more for kids in need," Portland Business Journal
Local attorneys Jim Finn and Gary Berne make the case in this co-authored guest column to serve as a Court Appointed Special Advocate.
Community involvement is an important part of the lives of many business and professional people, both during their careers and in retirement. Many of us serve on boards, volunteer in our children’s schools, coach youth sports, and donate money. We ask that you consider another rewarding avenue where there is a compelling need: serving as a Court Appointed Special Advocate (CASA) for children who have been traumatized, first by abuse or neglect, then by placement in foster care.
March 15, 2016 - "Recent Oregon decisions address the issue of sequencing discovery in trade secrets cases," The Litigation Journal
Robert Shlachter and Tim DeJong's article, "Recent Oregon decisions address the issue of sequencing discovery in trade secrets cases: Is the plaintiff entitled to discovery from defendant before plaintiff identities its own trade secrets with particularity?" is now available in The Spring 2016 Litigation Journal.
March 13, 2016 - "Aequitas set stage for its own collapse," The Oregonian
"Aequitas was spending lavishly, with money it did not have, apparently in order to present the appearance of success... It was all about appealing to new investors," said Keith Ketterling, whose Stoll Berne law firm is investigating a possible civil suit against the company.
"Aequitas told investors that it was minimizing risk in its student loan business and buying student loans from financially strong, reputable institutions," said Tim DeJong, who is representing Aequitas investors. "In truth, it was buying student loans from only Corinthian College, which was not financially strong and had a terrible reputation."
March 4, 2016 - "In wake of Aequitas Capital collapse, two narratives emerge," Portland Business Journal
Stoll Berne was contacted by investors who can’t redeem investments in Aequitas’ private notes. Stoll Berne could target third parties and officers of the company with civil lawsuits. Shareholder Timothy DeJong said Stoll Berne’s possible clients include two or three large groups of investors. One holds $50 million in notes. Lawsuits could be filed as soon as next week.
“Aequitas was touting the liquidity of these private notes,” he said. “What they didn’t disclose is they were completely dependent on new investment money coming in and they were also dependent on investors not redeeming their notes when they came due. Together with the Corinthian debacle (it filed for bankruptcy protection in May 2015), there appears to have been a massive request for redemptions in the fall that led to the company’s collapse.”
February 11, 2016 - "Barrett Business Services (BBSI) Announces Favorable Outcome of Independent Investigation," StreetInsider.com
Keith Ketterling, Tim DeJong, and Nadia Dahab of Stoll Berne conducted an independent investigation of Barrett Business Services, Inc. (BBSI) to determine whether an illegal act had occurred with respect to BBSI's workers' compensation reserve expense and found no illegal activity. The findings were presented to BBSI and representatives of BBSI's independent public accounting firm, Moss Adams. In this article in StreetInsider.com, Anthony Meeker, chairman of BBSI's board of directors, commented “The board of directors appreciates the thoroughness of Stoll Berne's investigation.” Read more...
February 9, 2016 - "Meeting informs southeast Portland residents about arsenic, cadmium found in air", www.kptv.com
Keith Dubanevich believes current regulations do not work for different sized companies and was shocked to hear that even though both arsenic and cadmium in the neighborhood are alarmingly high, it's nowhere close to the maximum, which means the company is legally in the clear. He says, "It's like having the same restrictions for your neighborhood gas station as the big oil refinery that gas came from." According to this KPTV article, the DEQ says all of the rules are handed down by the federal government and all they can do right now is enforce them.
February 3, 2016 - "State Finds Alarmingly High Arsenic, Cadmium Levels Near Two SE Portland Schools", The Portland Mercury
Keith Dubanevich was asked to comment about the alarming results of a monitoring program of airborne heavy metals, including arsenic and cadmium, that was conducted this past October in inner Southeast Portland. Read more about this story as reported in The Portland Mercury.
January 8, 2016 - "Families win another favorable ruling in autism case against Providence," Portland Business Journal
"U.S. District Judge Michael H. Simon previously ruled that Providence cannot deny coverage of a type of autism therapy known as Applied Behavioral Analysis. A followup rulling this week allowed familes' claims for further relief to move forward." Read more about this matter as reported in the Portland Business Journal.
December 7, 2015 - "Three appointed to Oregon Supreme Court, Court of Appeals by Gov. Kate Brown," Oregon Live
Scott Shorr, who is a managing shareholder at the Portland firm Stoll Berne, also was appointed Monday morning to the Court of Appeals. The governor's office describes him as "one of the state's top appellate lawyers," having frequently argued before the state's appellate courts, the Ninth Circuit Court of Appeals and the U.S. Supreme Court. Read more...