Defendant. )
COMPLAINT
For its complaint against the Defendant, Knight Equity Markets, L.P. (?Knight?), Plaintiff, Scottrade, Inc. (?Scottrade?) states:
I. Introduction
1. This is an action for equitable relief in the nature of rescission. Specifically, Scottrade seeks to rescind contracts made December 6, 2010 to sell approximately 2.6 million common shares of GeoBio Energy, Inc., (?GeoBio?) to Knight resulting from obviously mistaken offers to sell GeoBio shares in quantities which vastly exceeded the quantity of GeoBio shares issued and outstanding and/or at prices vastly lower than prevailing market prices for such shares.
2. Due to a clerk’s data entry error (i.e., a scrivener’s error), commencing shortly after 11:05 a.m. (CST) on December 6, 2010, Scottrade mistakenly communicated to Knight offers to sell six lots of GeoBio common shares totalling 2.85 billion shares at prices as low as one – half of a cent per share. Case 4:10-cv-02380-HEA Document 1 Filed 12/20/10 Page 1 of 1
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AUGUST 23, 2012
JERSEY CITY - The financial services firms that rescued Knight Capital Group after its near-fatal software glitch earlier this month have sold some of their preferred stock in the firm to retail online broker Scottrade, according to three people familiar with the transactions.
The case WAS SCOTTRADE V Knight but now Scottrade owns a sizeable chunk of Knight so the old chestnut you are referring to is HISTORY
