Thursday, July 25, 2013 – 09:00 a.m.
Here’s some news flowing across the transom this Thursday morning.
Number of lawsuits against disbarred rise
The number of civil lawsuits against disbarred Rancho Cucamonga lawyer James Reiss is now at 17.
The lawsuit mix includes 7 small claims actions for failing to pay deposition costs, 1 eviction action and 9 fraud and negligence actions by former clients. All of which, Reiss has defaulted on.
None of these plaintiffs should expect to recover a dime of course. Unless it’s from the State Bar client restitution fund.
Reiss is currently incustody at the Los Angeles County Men’s Central Jail. He’s being held on $3.7 million bail for fraud-related charges.
CVB Financial reports strong earnings
CVB Financial (Nasdaq: CVBF), the parent of Citizen’s Business Bank, reported record earning of $24.5 million in the 2nd quarter. The company relased its results on July 17.
The company, who’s stock is trading near a 52-week high, said its total assets climbed to $6.425 billion.
Pacific Premier Bancorp assets climb 32.8%
Pacific Premier Bancorp. (Nasdaq:PPBI). the parent company of Pacific Premier Bank, reported that it’s net assets climbed to $1.6 billion in the latest quarter ending June 30. The gain is a result of the completed acquisition of San Diego Bank and Trust.
It’s the company’s third acquisition in the past 18-months.
The company, originally a San Bernardino start-up, now has 10 branches and an office operation in Dallas, TX.
Vidak officially wins SD 16
It’s pretty much official!
Republican Central Valley Farmer Andy Vidak has defeated Democrat Kern County Supervisor Leticia Perez.
Garcia conceded last night after updated results placed Vidak well ahead.
The victory is a shot in the arm to a California GOP that’s been heavily battered over the past ten years.