Filed: Oct. 20, 2015
Latest Update: Oct. 20, 2015
Summary: ORDER LYLE E. STROM , Senior District Judge . This matter is before the Court on plaintiff COR Clearing, LLC's expedited motion for order appointing limited purpose receiver for defendant Calissio Resources Group, Inc. (Filing No. 20 ). Before ruling on its motion, COR Clearing requests that notice to all interested parties who may be affected by the appointment be given notice and an opportunity to be heard. See Filing No. 21. After review, the Court finds that in the interest of giv
Summary: ORDER LYLE E. STROM , Senior District Judge . This matter is before the Court on plaintiff COR Clearing, LLC's expedited motion for order appointing limited purpose receiver for defendant Calissio Resources Group, Inc. (Filing No. 20 ). Before ruling on its motion, COR Clearing requests that notice to all interested parties who may be affected by the appointment be given notice and an opportunity to be heard. See Filing No. 21. After review, the Court finds that in the interest of givi..
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ORDER
LYLE E. STROM, Senior District Judge.
This matter is before the Court on plaintiff COR Clearing, LLC's expedited motion for order appointing limited purpose receiver for defendant Calissio Resources Group, Inc. (Filing No. 20). Before ruling on its motion, COR Clearing requests that notice to all interested parties who may be affected by the appointment be given notice and an opportunity to be heard. See Filing No. 21.
After review, the Court finds that in the interest of giving all parties notice and the opportunity to be heard all those who may be affected by the post-payable adjustments a potential receiver would request the Depository Trust & Clearing Corporation ("DTTC") to make, plaintiff's request to notify any parties potentially affected by the appointment of a receiver should be granted.1 Accordingly,
IT IS ORDERED that before the Court rules on plaintiff's motion (Filing No. 20):
1) COR Clearing shall give notice of the motion, supporting memoranda, and the proposed order to every DTCC member firm credited and/or debited with dividends and/or interim accounting allocations for shares of Calissio Resources Group, Inc. from June 1 to August 30, 2015.
2) The notice will be by overnight mail/Federal Express within one day of this Order to the addresses that were provided by DTCC to COR Clearing on October 4, 2015, pursuant to subpoena.
3) All affected parties shall have seven days from the date of receipt of this notice to file a response to COR Clearing's motion, if they so desire.
4) COR Clearing shall have seven days to reply to any responses.
