Did the money goal change from Monday?
On Tue, Jul 30, 2019 at 4:32 PM Michael Banks <
americanequitiesinvestors@xxxxxxxxx> wrote:
Dear Investor Recovery Group,
This is Roy Thompson and I had the pleasure and honor to meet with many of
you last week during our first meeting concerning this very important
matter. As some of you know, Gary Grenley of the Garvey Shubert Barer firm
in Portland has tentatively agreed to take on this matter as lead counsel,
if your group can raise the $500,000 for the Litigation Fund. As to my and
my firm’s continued involvement in this matter, we will continue to collect
any and all retainer fees until such time as it is decided that the funds
collected should be transferred to Mr. Grenley’s firm. In addition, I have
a call to Mr. Grenley to discuss whether his firm will take over the
collection of the retainer fees or whether my firm will continue to collect
the fees, but until you hear otherwise from myself or Mr. Grenley, retainer
checks should be sent to the address below:
Thompson Bogran PC
5 Centerpointe Dr., Suite 400A
Lake Oswego, OR 97035
Please note that my firm is creating a separate Client Trust Account
specifically related to this potential legal action. Any retainer checks
should be made out to the following Client Trust Account:
“Client Trust Account for Thompson Bográn P.C.”
I want to remind all of you that it was agreed during our meeting on July
25th that we should attempt to raise the $500,000 Litigation Fund amount
within thirty (30) days.
Our firm may continue to work on the matter after Mr. Grenley’s firm takes
the reins, but ultimately that will be the decision to be made by Lead
Counsel, Mr. Grenley. We have been discussing with Mr. Grenley my firm
providing forensic accounting expertise, and work on the forensic
accounting reconstruction that attempts to trace, as accurately as
possible, where the investment money went and what that money purchased.
Mr. Grenley has agreed to the general premise that the goal of $500,000.00
is appropriate and also that if that goal is not met, the retainer fees
will be returned to those who have contributed. He also agrees that in the
event any money is obtained by way of settlement or trial, the retainer
fees will first be paid back to you, and that afterward, there will be pro
rata division of the remaining proceeds amongst all of you.
Thank you all and I wish you the best.
Roy Thompson
