I don't think any of the judges involved had much sympathy for COR. They appear to have believed COR should have had a better idea what was going on with the Nobilis and Beaufort transactions it cleared.
But neither Beaufort nor Nobilis was part of the litigation. Alpine eventually appeared as an amicus curiae, but it was never a party, either. Judges have to work with the individuals and entities who ARE parties. All the decisions in the case were based on the law, and only on the law.
In its early filings, COR showed sympathy for shareholders, saying they were also victims. When the judge denied them the injunction they wanted--that was, I think, in November 2015--they should have just given up. But instead, they tried increasingly desperate strategies, which none of the courts involved is likely to have appreciated.
After all, it was COR who should have known what was going on, not TDA or other brokerages used by CRGP shareholders. My only point in posting about all this is that Calissio Resources, the company, WAS found liable by default. It is not making a comeback.
A Merry Christmas to you and yours, too!
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