MF Global Execs Say Trustee Can't Sue If Customers Get Paid

Law360, New York (October 16, 2013, 6:52 PM ET) -- Former MF Global Inc. executives, including former CEO Jon Corzine, on Wednesday argued that if customers who lost $1.6 billion are to be repaid in full, they cannot transfer any claims against the executives to a trustee overseeing the liquidation.

Corzine, Bradley Abelow, David Dunne, Laurie Ferber, Vinay Mahajan, Edith O’Brien, Christine Serwinski and Henri Steenkamp, former executives who were all sued in a customer class action following the firm’s downfall, submitted a limited objection to MFGI Securities Investor Protection Act Trustee James W. Giddens’ motion...
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