Legal Opinion
COR Clearing, LLC v. Calissio Resources Group, Inc.
Court of Appeals for the Eighth Circuit
Decided March 13, 2019No. 17-3556PublishedCited by 5 opinions
1Opinion of the Court
LOKEN, Circuit Judge.
*581 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 settlement firm, seeks to recover losses resulting from this dividend transaction that it has not already recovered in other proceedings. COR accuses Calissio, its president, Adam Carter, and its stock transfer agent, Signature Stock Transfer, Inc.…
2Cases cited13 opinions
- Securities & Exchange Commission v. CMKM Diamonds, Inc.Court of Appeals for the Ninth Circuit · 2013
- Zimmerman v. FirsTier Bank, N.A.Nebraska Supreme Court · 1998
- Kanne v. Visa U.S.A. Inc.Nebraska Supreme Court · 2006
- Geiger v. Securities & Exchange CommissionCourt of Appeals for the D.C. Circuit · 2004
- Silco, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1986
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3Cited by5 opinions
- Federal Insurance Company v. Axos Clearing LLCCourt of Appeals for the Eighth Circuit · 2020
- Estate of Saul Offit, by its Executor, Marc Offit; Estate of Naomi Pressma, by its Executor, Conrad Pressma; Estate of Georgia Towers, by its Executor, Edwin Towers v. U.S. Bank, N.A., as Securities Intermediary; and Wells Fargo Bank, N.A., as Securities IntermediaryDistrict Court, D. Minnesota · 2025
- PMI Nebraska, LLC v. NordhuesDistrict Court, D. Nebraska · 2019
- Parseghian v. Frequency Therapeutics, Inc.Superior Court of Delaware · 2023
- Smith v. MillerDistrict Court, D. Nebraska · 2019