Susoeff

FACTS AND PROCEDURE

There are three groups of defendants involved in this litigation (although only Michie is involved in this appeal): (1) Michie; (2) various entities and individuals associated with the now defunct securities brokerage firm called Welton Street Investments, LLC (Welton Street) including Versus Capital Group, LLC; Versus Capital Advisors LLC; Fountainhead Investors, LLC; Welton Street Group Manager, LLC; Mark Quam; Crystal Marie Daniels; and William Fuhs (hereafter collectively referred to as the Versus Defendants); and (3) a different licensed securities broker dealer called Brookstreet Securities Corporation (Brookstreet), and individuals and entities associated with Brookstreet, including Stanley Brooks, The Brooks Family Trust, and Kathleen A. Covey (hereafter collectively referred to as the Brookstreet Defendants). The litigation began with a complaint filed in February 2012 naming as defendants Michie, Brookstreet, and Does, alleging causes of action against Michie for legal malpractice and breach of an attorney’s fiduciary duty, and against Michie, Brookstreet, and Does for breach of fiduciary duty of a securities broker dealer, conspiracy, fraud, and…