In the ongoing trial Scott Traudt v. Schwab, Et.al., Schwab does not contest allegations of evidence “spoilation”.
Reported on X by Scott, Schwab did not contest the fact that they “lost” evidence which include an audio recording where a TDA (now acquired by Schwab) broker said that they asked for the trade halt to protect themselves since MMTLP was trading at 100x the market value. This would equate to around $290 a share.
Interesting that this evidence would be lost.
Legally (not legal advice), this destruction or loss of evidence could make those claims by Traudt
undisputed facts for purposes of the motion, which is excellent news.
It’s hard to keep up with all the action in Traudt’s case against Schwab and others, there are a lot of moving parts and news almost daily.
There have been some additional FOIA emails released that are related to our case as well.
Be sure you are following @Greenhills303 for the latest updates.