Ainslie v. First Interstate Bank

Plaintiffs appeal and defendant First Interstate Bank (First Interstate) 1 cross-appeals from the judgment for plaintiffs in this action for breach of fiduciary duty, breach of contract, violation of the Oregon Securities Law, ORS chapter 59, and violation of the Oregon Racketeer Influenced and Corrupt Organization Act (ORICO). ORS 166.715 to ORS 166.735. The action arose out of First Interstate’s handling of funds that it held in escrow in connection with a securities offering in which plaintiffs were investors. We affirm in part and reverse in part on both the appeal and the cross-appeal.

Pla…