Thursday, March 14, 2019 8:02:57 AM
03/13/2019 COR Clearing, LLC v. Calissio Resources Group, Inc.
U.S. Court of Appeals Case No: 17-3556
U.S. District Court for the District of Nebraska - Omaha
[PUBLISHED] [Loken, Author, with Erickson, Circuit Judge, and Magnuson,
District Judge]
Civil case - Fraud. In action against Calissio's transfer agent, the
transfer agent was entitled to judgment on plaintiff's fraudulent
misrepresentation claims because the transfer agent had no knowledge of a
misrepresentation in the use of a seemingly appropriate "CUSIP" number for
additional shares of the same class as existing shares, and the transfer
agent reasonably relied on attorney advice in issuing the new shares;
further, plaintiff failed to show that it reasonably relied on the
transfer agent's alleged misrepresentation, given its own skills and
experience; plaintiff's conversion claims against the broker defendants
who simply acted as pass-through agents of the buyers in receiving and
distributing due bill credits were properly dismissed; nor were the broker
defendants unjustly enriched in the transactions.
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM