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Dividend Transaction

Mar 18, 2019

Torts: Dividend Transaction-Fraud-Unjust Enrichment

  Plaintiff filed suit against defendant, asserting claims of fraud, conversion and unjust enrichment arising from defendant Calissio Resources Group’s quarterly dividend. The district court dismissed all claims against Calissio’s stock transfer agent and the broker intermediary defendants. Where securities purchasers bought with the promise of a dividend, those buyers or their representa[...]

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