$8 Million Gold Class Action
In 2004 we filed a
class action on behalf of about 400 farm families living in Oklahoma and Kansas (the "Gold Class Action"). These farmers, who had been customers of Gold Bank, had been harmed by Gold Bank's abuse of the USDA's Farm Service Agency's guaranteed lending program designed to benefit Gold Bank's own farmer customers.
This Gold Class Action case sought to help the farmers recover the damage they suffered by Gold Bank's fraud on them and the United States Government similar to what we found in out Gold Bank Qui Tam lawsuit. In the Qui Tam case we collected $16 Million for the American Taxpayers under the Federal False Claims Act.
In November 2006 the District Judge approved the $8 Million settlement we reached in the Gold Class Action. This case was filed in
Kingfisher County, Oklahoma District Court which will benefit our farmer clients.
Our clients in the Gold Class Action will all receive substantial money -- and some will receive tens of thousands of dollars -- for their damage they suffered. We are happy we could help so many of our farmer clients.