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Latest from The Spokesman-Review
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Open space designation fields many nominees in county
September 2, 2010 in City on Page A9 Three dozen properties have been nominated for purchase by Spokane County’s Conservation Futures program. The candidates to become permanent open space vary from half an acre to 920 acres and … 1
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Settlement squeezes out a bit more Met money
May 23, 2010 in City on Page E1 C. Paul Sandifur Jr., the former chairman and chief executive officer of Metropolitan Mortgage & Securities Co., will pay $23,000 to investors in the bankrupt company as part of a … 1
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New settlement in Met suit
February 24, 2010 in City on Page A1 A $38 million settlement proposed Tuesday in the Metropolitan Mortgage & Securities Co. class action lawsuit would help several thousand investors recoup some losses from Spokane’s largest business collapse. Investors … 1
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Met Mortgage creditors get 2 more cents on the dollar
December 13, 2009 in City on Page B1 More checks are in the mail for creditors of bankrupt Metropolitan Mortgage & Securities Co. This third round of partial payouts splits about $10.4 million among 15,500 people who held …
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Amid cleanup dispute, project could have new developer
August 19, 2009 in City on Page A1 An $8 million legal dispute has erupted over the bill to clean up pollutants at Kendall Yards, the stalled housing and business project along the north bank of the Spokane … 1
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Ex-Met officer has filed Chapter 7 papers
June 26, 2009 in Business on Page A12 Thomas Masters, a former Metropolitan Mortgage and Securities Co. executive implicated in one of the fraudulent real estate schemes that unraveled the firm, has filed a $26 million personal bankruptcy …
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Sandifur to pay $150,000 settlement
December 16, 2008 in Business, City C. Paul Sandifur, the former chief executive officer of bankrupt Metropolitan Mortgage & Securities Co., will pay $150,000 to refund investors and settle allegations that he improperly paid himself dividends … 2
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Met class action suit advances
December 16, 2008 in Business, City A class action lawsuit involving more than 6,000 Metropolitan Mortgage & Securities Co. investors is moving toward trial in 15 months.
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Met investors to get $45 million
July 27, 2008 in City on Page B1 About $45 million is set to be distributed to investors of Metropolitan Mortgage and Securities Inc. at the end of next week. It will be the second repayment following the … 1
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Second Met payout planned
June 20, 2008 in Business, City A long-awaited cash distribution to investors of bankrupt Metropolitan Mortgage and Securities will be mailed in late July.
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Met’s insurance affiliate sold
June 6, 2008 in Business on Page A10 Another chapter of the Metropolitan Mortgage & Securities Co. debacle nearly closed Thursday as the state receiver sold the defunct company’s largest asset – insurance affiliate Western United Life Assurance …
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Court approves sale of Met affiliate
May 3, 2008 in City on Page B1 A $55 million deal to sell a Metropolitan Mortgage & Securities Co. insurance affiliate received court approval Friday. It remains unknown how much cash from the sale of Western United …
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Met insurance deal struck
April 8, 2008 in City on Page A8 Insurance Commissioner Mike Kreidler has struck a $52 million deal to sell the key insurance affiliate of bankrupted Metropolitan Mortgage & Securities Inc. The agreement, pending court approval, would end …
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Creditors want control of Met affiliate
March 14, 2008 in City on Page B1 Saying the state has mismanaged a former insurance affiliate of bankrupt Metropolitan Mortgage & Securities Co., creditors have asked a judge to force Washington Insurance Commissioner Mike Kreidler to relinquish …
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Met trust and accounting firm settle
March 2, 2008 in City on Page A1 The Metropolitan Mortgage & Securities Co. investors’ trust has reached a settlement agreement of about $30 million with an accounting firm accused of making mistakes that led to the company’s …
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CEO’s ex-wife to pay $325,000 settlement
March 2, 2008 in City on Page A8 Helen Sandifur, the ex-wife of Metropolitan Mortgage & Securities Co.’s chief executive, will pay $325,000 into a special trust to refund investors in the bankrupted company under a settlement disclosed …
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Met investors win key reversal
February 6, 2008 in City on Page B1 Burned Metropolitan Mortgage & Securities Co. investors will have their day in court against a big auditing firm they accuse of professional negligence. They have a shot at a potential …
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Met investors’ hopes fade
January 31, 2008 in City on Page B3 Some legal efforts to win money from deep-pocketed companies that audited Metropolitan Mortgage & Securities Co. are failing, potentially dashing the hopes of thousands of investors who looked to those …
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Business in brief: SEC, Met Mortgage settlements approved
December 6, 2007 in Business on Page A13 A federal judge has approved settlements between the U.S. Securities and Exchange Commission and several Metropolitan Mortgage and Securities Co. figures, ending the agency’s sprawling legal action. C. Paul Sandifur …
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Sandifur, SEC settle
October 30, 2007 in Business on Page A1 Disgraced Metropolitan Mortgage & Securities Co. figure C. Paul Sandifur Jr. will pay about $151,000 to settle allegations that he masterminded fraudulent commercial real estate deals that backfired into an …
