Darrell E. Costa v. Roman Melikov

I. BACKGROUND

Plaintiffs filed this action against individual Roman Melikov, Melikova Advisory Services LLC, Interactive Brokers LLC, and Interactive Brokers Group, Inc. See Compl. (Dkt. No. 1 p. 36). The gravamen of the Complaint is that the Plaintiffs hired Melikov Advisory Services to invest their inheritance, but that Melikov Advisory Services and its principal Roman Melikov engaged in highly risky speculative trading that was not appropriate for their goals. As a result, between 2016 and 2019, their account lost about $432,671. Compl. § 38. The Dkt. No. 163 appears to be a partial duplicate filing and is STRICKEN.

CV-90 (12/02) CIVIL MINUTES — GENERAL Initials of Deputy Clerk DTA

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amount of principal the Plaintiffs invested is not clearly stated. Plaintiffs also fault the Interactive Brokers defendants, the custodian of the account, alleging they should not have let the Melikov Defendants trade on their platform. Based on these allegations, Plaintiffs asserted 14 claims against the Defendants.

The Interactive Brokers defendants were dismissed after their claims were sent to arbitration. After years of litigation, Plaintiffs and…