Portland litigation boutique Stoll Berne has amassed a steadily growing fan base among peers in the legal community throughout Oregon and beyond. One prominent figure in the New York litigation market testifies, “I have worked with Stoll Berne on a couple of matters and found them to be a complete pleasure. Refreshingly laid-back but still very tenacious and persuasive. They feel like real partners, not just local counsel. You really want to hear what they have to say.” The firm’s model affords it the flexibility of pursuing cases entrepreneurially, on behalf of both plaintiffs and defendants.
Stoll Berne scored a milestone triumph in August 2019 when a firm team, acting as co-lead counsel, achieved a record $234.6 million in a class action on behalf of investors who lost in excess of $300 million of investments with various entities aligned or affiliated with Aequitas Holdings, an entity ultimately proven to be a fraud. Defendants include Deloitte & Touche, Sidley Austin and TD Ameritrade. Settlement approval was given by the Federal Court in December 2019 and settlement payments are being processed. This win was recognized with a prestigious “impact case” award at the Benchmark West award ceremony in March 2020, and was a contributing factor to the firm’s winning the “Oregon Firm of the Year” award at this same gala event. Team members acting on this case include two firm mainstays, Keith Ketterling and Tim DeJong. This duo is also acting on another securities class action, this one in the defense capacity, on behalf of a law firm that is alleged to have participated or aided sales of securities on behalf of an entity that was uncovered to be a Ponzi scheme. On his own, DeJong represents a group of investors in Ultimate Pet Bed. These investors made their investments based on representations that the company owned the patent rights to a specialized pet bed. After they made their investments, investors learned that the patent rights had not been transferred to the company. DeJong is assisting the investors in forcing a property assignment of the patent. Steve Larson represents a national class of automobile owners against various auto part manufacturers who allegedly engaged in price fixing. All of the cases have been consolidated in the Eastern District of Michigan. There have been a number of settlements with various defendants, and the settlement proceeds now exceed $250 million.