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At 9 AM on March 28 there will be a hearing on Riverview Bank and Pacific Premier Bank’s motions for summary judgement. Investors are welcome to attend either in person at the Clark County Courthouse or via Zoom at the below link.

If the link does not work the Zoom ID and Password are as follows:

The Receiver is proposing to enter into settlements with the “Class Action Plaintiffs,” the “Beattie Plaintiffs,” and Davis Wright Tremaine LLP with respect to certain litigation by those plaintiffs against Davis Wright Tremaine LLP in Diane Anderson et al., v. Davis Wright Tremaine et al., which is pending in the United States District Court for the District of Oregon as Case No.: 3:20-cv-01194-AC, and Sherry Beattie, et al. v Davis Wright Tremaine, et al., which is pending in the Circuit Court for the State of Oregon, Multnomah County, as Case No. 20CV09419. As pertains to the Receiver, under the settlements, the Receiver is granting a release of Davis Wright Tremaine LLP, and the Class Action Plaintiffs and the Beattie Plaintiffs are paying the Receiver a total of $45,000 from the settlement payments they receive from Davis Wright Tremaine LLP. The  notice of the proposed settlement is available on the Settlements Page.

The Receiver is proposing to enter into a settlement with Kenneth George McQuhae and Diana Caroline McQuhae, in their capacities as trustees of the Kenneth George McQuhae Family Trust and the Diana Caroline McQuhae Family Trust, in order to resolve the Receiver’s claims relating to certain real property in Cowlitz County, Washington, which is bare land in Kelso, Washington, with an abbreviated legal description of 35-8N-1W T-16A, and tax parcel no WE3416002. The  notice of the proposed settlement is available on the Settlements Page.

The Receiver is proposing to sell the real property and improvements commonly known as 118 Old Renee Lake Road, Troy, Montana. The notice of the proposed sale is available under the Pending Sales tab of the Real Estate Page.

On Friday, October 28th, 2022, the Receiver filed a motion with the court to approve a second interim distribution of $1.2 million. The motion also proposes to reduce MIMO claims in the receivership for investors participating in the class action settlements with Davis Wright Tremaine. The Receiver’s distribution will be made off of these adjusted MIMO balances, and are subject to “true-ups” once actual recoveries from the settlement are known. The hearing for the motion is December 2, 2022. Pending approval, the distribution will be made by December 15th.

The trial date in the case re: American Equities Inc., Riverview Bank, Pacific Premier Bank, et al, has been rescheduled to start on June 12, 2023.

The Receiver is proposing to sell the real property and improvements commonly known as Condominium Tamar Unit #200, Los Cabos, Baja California Sur, Mexico. The notice of the proposed sale is available under the Pending Sales tab of the Real Estate Page.

The Receiver is proposing to sell the real property and improvements commonly known as Condominium Tamar Unit #201, Los Cabos, Baja California Sur, Mexico. The notice of the proposed sale is available under the Pending Sales tab of the Real Estate Page.