Oregon Lawsuit Seeks $6.6 Million for Elder Abuse

Three elderly Oregon investors have filed a lawsuit alleging that they were swindled out of millions of dollars in a fraudulent loan purchase scheme.

The defendant, Douglas Huntingdon, is accused of misleading investors about loans that he was selling and the real estate that secured the loans.

Plaintiffs in the lawsuit, all in their 70s, claim that most of the money that was lost was their retirement funds, and that they are now left only with their Social Security Income.

The lawsuit claims that the fraudulent practice constitutes Elder Abuse under Oregon law. Further, the suit is claiming that Oregon’s Elder Abuse law allows for treble damages, which would total $ 6.6 million in damages.

Disclaimer: The foregoing is general legal information only and not intended to serve as legal advice or a substitute for legal advice. If you have been injured or damaged due to Elder Abuse go to www.ContingencyCase.com to see if there is a lawyer or attorney in your local area who is willing to take your case on a contingency fee basis. ContingencyCase.com is an online legal directory that allows Attorneys to advertise their availability to take all kinds of cases on a contingency fee basis (for example personal injury, eminent domain, contract cases, partnership disputes, etc.). Please note there are no guarantees that any attorney or lawyer will take your case. Copyright 2009 ContingencyCase.com – All Rights Reserved.