A former employee of Vancouver-based Riverview Bancorp Inc. has accepted the company’s offer to resolve a 2012 lawsuit she filed alleging that she was retaliated against and wrongfully fired for uncovering and reporting fraudulent activity at the bank.
Tracey McEuen, formerly an internal auditor for Riverview Bancorp — corporate parent of Riverview Community Bank — has accepted the bank’s offer to have a judgment entered against it for $110,000. A U.S. District Court judge also has awarded her more than $500,000 in attorney fees and other costs.
When Riverview proposed to allow McEuen to take the $110,000 judgment against it, plus reasonable attorney fees and other costs to be decided later, the company said the offer wasn’t an admission of wrongdoing.
“This is an offer of compromise,” Ryan Hammond and Jennifer Pirozzi, Seattle attorneys for Riverview, wrote in an April 1 court document. “It is not an admission of the validity of any of (McEuen’s) claims.” The bank, they said, continues “to deny all claims (McEuen) has asserted in this lawsuit.”
In a phone interview Tuesday, McEuen’s Portland attorney, Anne Foster, said that whether Riverview admits it or not, the company “offered to have (a judgment) entered against them.” She added, “This is a total victory. There’s a judgment against them on every single claim we brought.”