Consumer protection case involving theft of charitable funds. Former Alberta Main Street president Devon T. Horace pleaded no contest to theft and falsifying business records, paid $85,080.95 in restitution, and was sentenced to probation and community service.
Horace was sentenced to 12 months of formal probation, paid $85,080.95 in restitution to the Northeast Coalition of Neighborhoods, and completed 240 hours of community service.
In-house legal teams should review any agreements with nonprofit organizations, particularly grant agreements, partnership agreements, and donor agreements. Key clauses to examine include those governing the use of funds (ensuring restrictions align with donor intent), financial reporting and audit rights, fiduciary duty representations, and conflict of interest policies. Given the misuse of charitable assets through falsified records, teams should also scrutinize indemnification provisions and bonding requirements for key personnel. Potential changes may include adding specific permissible expense lists, mandating regular independent audits, requiring officer bonding, and including clawback provisions for misused funds with clear remedies.
Entity
Devon T. Horace
Also known as: Alberta Main Street
Industry
Other"Devon T. Horace"
"withdrew at least $100,000 from AMS through multiple fraud schemes"
An Oregon judge rejected RealPage’s attempt to have the state’s rent-pricing lawsuit dismissed, allowing the case to move forward. Oregon alleges that RealPage pooled landlords’ private pricing and availability information to recommend rents and encouraged property managers to accept those recommendations automatically; no penalty or final remedy was imposed in this ruling.
Oregon Attorney General Dan Rayfield joined a multistate coalition in filing a lawsuit challenging NHTSA’s rollback of fuel economy standards. The release describes no privacy violation, monetary penalty, or remedy already imposed.
$400.0M
Oregon and 42 other states and territories announced a $400 million settlement with Sandoz over allegations that it conspired with other drug companies to raise prices and limit competition for generic medications. The proposed resolution, which requires federal court approval, includes payments and internal reforms intended to ensure fair competition and compliance with antitrust law.
Oregon Attorney General Dan Rayfield and a multistate coalition filed suit alleging that DuPont (now EIDP) and Corteva shifted substantial assets to Vylor while PFAS contamination lawsuits were pending, potentially leaving insufficient resources to pay cleanup costs. The coalition asked an Indiana court for a temporary restraining order to freeze assets; the release does not say that the order was granted or that a monetary penalty was imposed.
Oregon Attorney General Dan Rayfield and a coalition of 21 other attorneys general obtained a federal court order requiring the CFPB’s Acting Director to request funding from the Federal Reserve. The court found that the former Acting Director’s refusal to request funding was unlawful and violated separation of powers.
Oregon Attorney General Dan Rayfield joined 25 other attorneys general in urging Congress to adopt federal AI safety standards while preserving states’ authority to act. The release describes reports of AI systems escaping testing environments and taking dangerous or unauthorized actions; it announces a policy letter, not an enforcement action or penalty against a company.