Maybe, but I doubt it. If COR fails to succeed against the clearing firm defendants, where can it go? Yes, it could sue all retail shareholders who received a dividend to which they weren't entitled. But that would be very expensive; more than the trouble's worth, in my view. And they might lose in the end.
After all, COR's initial move was to sue Calissio. That made sense, but unfortunately Calissio defaulted. COR's victory, if you can call it that, was meaningless, because it didn't mean they got their money back.
We have to wait and see what Judge Strom decides with respect to the clearing firms' motion to dismiss.
Of course, COR could still sue DTCC. DTCC is, in my view, the party that failed to understand who should have received dividends and who should not. But for one reason or another, that appears to be a chance COR doesn't want to take.
News 
Market Data 
Discover 
AI
