Corzine Scheme Led To MF Global's Downfall, Trustee Says

Law360, Los Angeles (September 17, 2013, 8:53 PM ET) -- MF Global Holdings Ltd. bankruptcy trustee Nader Tavakoli on Monday filed an amended lawsuit accusing the brokerage firm's former CEO, Jon Corzine, and two other executives of masterminding a scheme to inflate MF Global's stock price through a dodgy trading trading strategy that ultimately caused the company's downfall.

The two-count amended complaint filed in New York bankruptcy court says Corzine, onetime MF Global President Bradley Abelow and the firm's former Chief Financial Officer Henri Steenkamp breached their fiduciary duties to their customers by designing and implementing a risky...
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