If You Resided In An Oregon Property Managed By Pinnacle Property Management Services, LLC And To Which Yes Energy Management, Inc. Sent One Or More Utility Bills, You Could Receive A Payment From A Class Action Settlement.


Important Dates

Deadline to Exclude yourself from the Settlement
Deadline to Object or Comment on the Settlement
Final Approval Hearing

The Notice of Class Action Settlement and Final Approval Hearing and Instructions Regarding Receipt of Payment, Exclusion, and Objections to Settlement (hereafter the “Class Notice”) has been provided to Settlement Class Members because their legal rights may be affected by the settlement of a class action lawsuit pending in the United States District Court for the District of Oregon.

The case is brought against Pinnacle Property Management Services, LLC (“Pinnacle Property Management”) and Bel Portland Holdings LLC (the “Defendants”), regarding certain properties located in Oregon (the “Properties”) alleging various violations of law related to the collection of utility fees at the Properties (the “Lawsuit”).  Defendants deny the allegations in the Lawsuit.

Please read the Class Notice carefully. The purpose of the Class Notice is to advise Settlement Class Members about a proposed settlement of this Lawsuit (the “Settlement”) and how they are affected by the Settlement so that they may decide what steps to take in relation to it. The Class Notice will also explain how Settlement Class Members will receive payment under the Settlement.

The parties have engaged in settlement negotiations and information exchanges. Following the parties’ negotiations, the parties have reached an agreement (the “Settlement Agreement”) providing for settlement of the Lawsuit. The Settlement Agreement affects all lessees of a unit within any Oregon property to which YES Energy Management, Inc. furnished at least one utility bill at a time when the property was managed by Pinnacle Property Management, from January 1, 2016 to February 29, 2020. Defined terms, other than those defined in the Class Notice, shall have the meaning set forth in the Settlement Agreement.

Class Counsel believes that the claims asserted in the Lawsuit have merit, but have concluded that the Settlement, described below, is in the best interests of Settlement Class Members. Class Counsel have evaluated information made available during the course of the Lawsuit and settlement negotiations and taken into account the risks and uncertainties of proceeding with this Lawsuit. Based upon their consideration of these factors, and the substantial time and expense that would be incurred in further pursuit of this Lawsuit, Class Counsel believes it is in the best interest of the Settlement Class to settle the Lawsuit and the Released Claims on the terms described below.

The Class Notice does not imply that there have been or would be any findings of violations of the law by Defendants or that recovery could be had in any amount if the Lawsuit were not settled.

The Settlement is described in the Class Notice , and the full text of the Settlement Agreement is posted on the Important Documents page of this Website.

The website is only a summary of pertinent provisions of the Settlement Agreement and is not a complete statement of the Settlement or of the Lawsuit. To take effect, the Settlement Agreement must be approved by the Court.

If you are a Settlement Class Member, your legal rights are affected whether you act or do not act. Please read the notice carefully.