Calissio Resources Group Inc (CRGP)

[janice shell]

Interesting…

Moreover, Signature’s suggestion that DTCC should have been named a defendant lacks merit. Mot. at 2, 4. Although the Complaint alleges weaknesses in DTCC’s system, the Complaint further describes how Signature and the other Defendants took advantage of those weaknesses to collect dividends they were not entitled to receive. See Compl. ¶¶ 1, 31. In other words, the alleged weakness in DTCC’s system simply provides background for COR Clearing’s claims against Signature and the other Defendants.

That's not a statement with which I entirely concur. There's some other reason COR doesn't want to provoke DTCC.

If DTCC's system was so flawed that it allowed this to happen, then I should think DTCC could be considered liable.