Archive for the ‘Consumer Law’ Category

Aequitas Investors in LO and West Linn Taking Action to Recover Losses

Friday, September 30th, 2016

Local company Aequitas has been sued by the Securities and Exchange Commission.  But what about the local investors right here in Lake Oswego and West Linn who may have lost money?  Investors have legal rights and options for trying to recovery their investments.

Consumer Fraud Update: Justice Department Opens Criminal Probe on Goldman Sachs

Monday, May 3rd, 2010

Less than two weeks after the Securities and Exchange Commission filed civil fraud charges against giant bank Goldman Sachs, it’s being reported that the Justice Department has opened an investigation into possible criminal charges as well.  Penoyer Law will follow this story and provide updates as they become available.  For those interested in reading more about the probe reportedly underway by the U.S. Attorney’s Office in New York, read a recent Washington Post article here.

SEC Files Civil Fraud Charges Against Goldman Sachs

Tuesday, April 20th, 2010

On Monday, the Securities and Exchange Commission (SEC) filed civil fraud charges against Goldman Sachs, alleging it marketed securities to customers knowing they would fail.  Goldman Sachs is one of the nation’s largest banks.  The SEC has jurisdiction to regulate banks and file civil complaints seeking money damages when it believes a fraud has occurred.  Goldman Sachs has publicly stated it will vigorously defend the charges.  The bigger public policy battle underway is to what extent private banks should be held responsible–and ultimately regulated more strictly–for the financial crisis.  For a comprehensive article regarding the case, see

U.S. Supreme Court Rules In Favor of Students

Tuesday, March 23rd, 2010

Today the U.S. Supreme Court ruled in favor of consumers in a student loan bankruptcy case. In a unanimous opinion, the Supreme Court held that a private lender could not come back years later to try to collect part of an unpaid loan that was fully disclosed in the student’s bankruptcy plan, yet not objected to by the lender.