Judge Gregerson issued a written ruling denying the Oregon Plaintiff’s Motion to Reconsider on September 22, 2023. The order is available on the documents page.
The lawyers for the seven Oregon plaintiffs who previously objected to the Receiver’s settlements with Pacific Premier Bank and Riverview Bank have filed a motion asking Judge Gregerson to reconsider his order approving the settlements. The full motion is available on the documents page. Oral arguments and a hearing have been scheduled for September 22 at 3:30pm, which will take place at this Zoom link: https://clark-wa-gov.zoom.us/j/88569328225?pwd=blVHdHRCbWQ5cHV1SDZ5dzkyOGNPZz09.
Judge Gregerson approved the Settlement Motion at the hearing on August 31st. Objectors will have 30 days to appeal the order. The Receiver will continue to work with the Banks to satisfy the remaining conditions of the Settlement Agreement, which will now need to be upheld in the Oregon courts where there is pending litigation.
Attendees of tomorrow’s settlement hearing, scheduled for 3:00 PM at Clark County Superior Court, may also attend remotely via Zoom. The link to join is:
The hearing on the bank settlements originally scheduled for this Friday, August 18, has been moved to Thursday August 31 at 1:30 PM to accommodate the Court’s schedule. If you have questions or would like to provide feedback to the receiver on the proposed settlement, please email AEMReceiver@hamstreet.net or call Martha Cohn at 503-223-6222.
The Receiver hosted a meeting for investors on July 18th, 2023. The slide presentation from the meeting and a narrative summary are available on the Documents page under Hamstreet & Associate – Communications, for investors who were unable to attend or who wish to review the information presented.
There are no scheduled events at this time.
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