Bancorp International Group Inc (fka BCIT)

[CarltonH]

It is March 2012 NOT May 2005

A BCIT investor has won a landmark court case against a major US brokerage for failing to deliver his certificates.

Not only has he got his money back BUT he defeated a team of attorneys who had filed a motion to compel arbitration.

This is important because it sets legal precedent and can be citied in other proceedings. Until now then only bench mark was the rather dubious FINRA arbitration and that did not set legal precedent and could not be quoted.

Those of you going to court over the next couple of weeks can quote this case. The other side can not quote the arbitration because it has not legal standing.