Deloitte, Sidley $220 Million Aequitas Settlement Gets Final OK

Sidley Austin LLP, Deloitte & Touche LLP, and a handful of other firms secured final approval of a $220 million settlement in Oregon federal district court resolving Aequitas investors’ claims that the company was a Ponzi scheme.

The settlement—which also resolves claims against TD Ameritrade Inc., EisnerAmper LLP, and Duff & Phelps LLC—is “believed to be the largest settlement in a securities case in Oregon history,” the investors told the U.S. District Court for the District of Oregon. Judge Marco A. Hernandez’s Dec. 16 order also granted final approval to two other settlements with the remaining defendants in ...