Big News at Bancorp International Group, Inc. BCIT
TD Ameritrade Files In the District Court of Oklahoma to Unseal Court Records and make the brokerage information of hundreds of Bancorp Share holders available to the public
In 2005 Bancorp International Group Inc was the victim of a corporate hijacking and in January 2006 The District Court of Oklahoma in CJ-2005-7459 allowed the issuance of approximately 245 million shares without registration to be exchanged for the counterfeits. Then in 2007 the DTC required Bancorp to search for additional counterfeits that might be held by shareholders and in April 2007, Bancorp filed CJ-2007-3181 and sued approximately 1200 Banccorp shareholders to search for additional counterfeit certificates, In response more than 700 people provided the court with their brokerage account documents showing they purchased their Bancorp shares through registered brokers, and because these submission contained confidential financial information, the court ordered that they be sealed. No additional counterfeit stock certificates were found and after only four weeks the case was dismissed without prejudice.
Now eight years later on September 9, 2015, TD Ameritrade filed with the court to have those sealed records opened and made public under Oklahoma’s Open Record Act despite TD Ameritrade not being a party to the case. A preliminary date for hearing has been set for October 8, 2015.
In August 10, 2015 in the case of Haviland v. TD Ameritrade Inc, CV-15-00611-PHX-NVW the Arizona District court dismissed claims made by TD Ameritrade that it was impossible and illegal for TD Ameritrade to deliver Bancorp shares to their customers.
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