Opinion from the 8th circuit: 03/13/2019 COR C

Opinion from the 8th circuit:

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.