Third Circuit Sends 'Naked' Short Sale Case to State Court
By Charles Toutant Published: Nov 11, 2014
"The U.S. Court of Appeals for the Third Circuit has remanded to New Jersey state court a suit claiming Merrill Lynch, UBS Securities, E Trade Capital Markets and other financial institutions conspired to conduct abusive “naked” short sales of the stock of Escala Group Inc."
"Besides Merrill Lynch, UBS and E Trade, the suit names Knight Capital Americas, National Financial Services and Citadel Derivatives Group as defendants. The suit claims the defendants falsified documentation of trades and loans of Escala shares while conducting transactions on their own behalf and for others. "
Why no mention of Blackstone? ... I couldn't find any mention of Blackstone in the WSJ article you cited last week. I skimmed the referenced Brown Brothers artifact (not digitally searchable) with no Blackstone references found ... I have been unable to verify your claimed Blackstone involvement.
It would be nice to see a single "public domain" artifact, available on the web, implicating Blackstone. Come on Mr. Launderer ... fess up with a verifiable source.
"Discovery WILL show BX bailed out a criminal enterprise" ... I get it now ... you are just speculating at this point and no credible public entity has made such claim
That is most certainly not straight forward. Certainly, BX was a participant in the bailout, but you have provided no evidence that they had knowledge of any criminal activity on the part of KCG ... this is where you are speculating.
Also, if you have material information related to the case, why would you be spouting off about it on a yahoo message board? Why not go to the authorities and let justice reign HERO? I'll keep an eye out for the big headlines LOL
FSL up 11.77% today ... NXPI up 17.27% today. My NXPI position is now larger than my BX position. And I own more NXPI now by way of BX as well. Nice day all around.
I just checked the chart ... your wrong. In example, volume dried up in July and then it sold off, and the largest volumes last year were toward the end of the October selloff and into the bounce. Some of that October selloff volume was me loading up ... BOOYAH
I find this post particularly interesting which was in response to the thread titled "n16m15 IS A LIE!!!":
n16m15 • Feb 26, 2015 8:33 AM
All we are hearing is "Job well done!".
What can possibly be done about this? ... http://www.fhdlaw.com/html/articles/sf_gate-offline_lawsuits.htm
So you bumped into a homeless girl while trying to score some crack in the hood?
I believe a twenty spot would have been far more humanitarian than a stock tip. ... You can't get anything right
Next week came and next week went. Failed at interview to be Soros' pool boy.
That sure sounds like a very damaging Apple Pay number. Who provided the fraudulent transactions number?
What's a couple of percent when you are looking at a double? One of these days, it will be too late to load up (hopefully)
I am full with an average of $16.82 and a range of $19.40 - $13.72