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Calissio Resources Group, CRGP
Posted On: 06/22/2016 12:34:42 PM
Post# of 11039
Posted By: bdna
Re: jbwofford #9729
COR has stated in a previous court filing that it would not be economically feasible to file motions to compel all 67 member firms to produce information regarding who received the dividend. If COR find it to be not economically feasible to go after 67 member firms with a simple motion to compel, then they sure as hell are not going to sue thousands of shareholders in state court. The costs would far outweigh the benefits. First, I do not think COR would be successful in any unjust enrichment claims against shareholders. Maybe they could succeed against the DTCC or Brokers on an unjust enrichment theory but the shareholders had no direct dealings with COR. Second, even if we assume COR wins its thousands of separate lawsuits against individual shareholders, they will not be able to collect much. A good handful of shareholders reinvested proceeds into CRGP, and a good chunk of other shareholders will simply refuse to pay.













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