COR CLEARING, LLC v. CALISSIO RESOURCES GROUP

No. 17-3556.

918 F.3d 579 (2019)

COR CLEARING, LLC, Plaintiff-Appellant v. CALISSIO RESOURCES GROUP, INC.; Signature Stock Transfer, Inc.; TD Ameritrade Clearing, Inc.; National Financial Services, LLC; Scottrade, Inc.; E-Trade Clearing, LLC, Defendants-Appellees.

United States Court of Appeals, Eighth Circuit.

Filed: March 13, 2019.


Attorney(s) appearing for the Case

Jennifer Erickson Baak , HILGERS & GRABEN, Denver, CO, Carrie S. Dolton , GOBER & HILGERS, Omaha, NE, Andrew R. Graben , Michael Hilgers , Jackson W. Rudd , HILGERS & GRABEN, Lincoln, NE, Mary Ann Novak , CLINE & WILLIAMS, Lincoln, NE, for Plaintiff Appellant.

Gail E. Boliver , BOLIVER LAW FIRM, Marshalltown, IA, for Defendant-Appellee Signature Stock Transfer, Inc.

Nicole Griffard , William Frederick Hargens , MCGRATH & NORTH, Omaha, NE, for Defendant-Appellee TD Ameritrade Clearing, Inc. and Scottrade, Inc.

Steven D. Davidson , BAIRD & HOLM, Omaha, NE, Riccardo M. DeBari , Michael G. Shannon , THOMPSON & HINE, New York, NY, William Frederick Hargens , MCGRATH & NORTH, Omaha, NE, for Defendant-Appellee National Financial Services, LLC.

Thomas J. Culhane , ERICKSON & SEDERSTROM, Omaha, NE, William Frederick Hargens , MCGRATH & NORTH, Omaha, NE, Robert R. Miller , Brian J. Neville , LAX & NEVILLE, New York, NY, Matthew B. Reilly , ERICKSON & SEDERSTROM, Omaha, NE, for Defendant-Appellee E-Trade Clearing, LLC.

Before LOKEN and ERICKSON, Circuit Judges, and MAGNUSON, District Judge.


On June 16, 2015, Calissio Resources Group, Inc., an issuer of penny stock engaged in foreign mining activities, announced a first-ever quarterly dividend of 1.1 cents per share, payable August 17 to holders of issued and outstanding Class A common stock on June 30. In this action, COR Clearing, LLC, a securities clearing and...

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