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Re: DiscoveryStock post# 46482

Tuesday, 11/07/2017 4:59:21 PM

Tuesday, November 07, 2017 4:59:21 PM

Post# of 55018
Yet COR is not really in a mess - they recouped most if not all of the money via arbitration with Darbie, Nobilis and Beaufort. From the judge's ruling yesterday:
'COR subsequently debited the J.H. Darbie accounts of Beaufort and Nobilis for
the amounts attributable to the Calissio shares Nobilis and Beaufort had sold,
recovering approximately $700,000 each from those accounts. COR later took action to
recover the roughly $3.7 million from J.H. Darbie and its customers, Nobilis and
Beaufort, through FINRA arbitration. The record shows COR has settled with J.H.
Darbie and J.H. Darbie has agreed to pay COR approximately $1.7 Million. It has an
arbitration award against Nobilis and arbitration with Beaufort is pending.'

Additionally, despite losing the case, COR doesn't have to pay legal fees of the defendants for some reason. Again from yesterday:
'JUDGMENT pursuant to the Memorandum and Order 313 issued this date, a judgment of dismissal with prejudice is entered in favor of the defendants, Signature Stock Transfer, Inc., TD Ameritrade Clearing, Inc., National Financial Services LLC, Scottrade, Inc., and E-Trade Clearing, LLC, and against the plaintiff, COR Clearing, LLC, with each party to bear its own costs. Ordered by Senior Judge Joseph F. Bataillon'