We have updated the Settlement FAQs to reflect the most recent developments in the case. You may review them on the FAQs page.
Pacific Premier Bank sent a letter proposing a global settlement to the Receiver and to the two groups of investors pursuing a case against the bank in Oregon State and Federal Court. The bank suggests that all parties, as well as any interested investors, meet to discuss its proposal no later than next Wednesday, November 8th. The Receiver will update this website when a meeting is scheduled so that interested investors can attend. The letter is available for download here (PDF).
We have received many questions regarding the settlement agreements and the Oregon civil litigation. To best respond to these and to ensure that everyone has the same set of facts, we have put together a new FAQ sheet (PDF) with questions related to the settlements. It is available on the documents page, as well as on the FAQ section of this website. As always, please feel free to contact the Receiver’s office by phone or email if you have any questions not addressed.
The Receiver mailed the following letter to investors on October 10, 2023 regarding the status of the Settlement Agreements. Read the letter (PDF).
The lawyers for the seven Oregon plaintiffs who previously objected to the Receiver’s settlements with Pacific Premier Bank and Riverview Bank have filed an appeal of the order approving the bank settlements and the order denying the reconsideration of that order. The notice is available on the AEM Investors site (PDF).