Corzine Can't Dodge CFTC Suit Over MF Global Collapse

Law360, New York (January 21, 2014, 1:23 PM EST) -- A New York federal judge on Friday refused to toss a U.S. Commodity Futures Trading Commission suit targeting former MF Global Inc. CEO Jon Corzine and Assistant Treasurer Edith O'Brien for their roles in mishandling $1 billion in customer funds, finding their motion to dismiss the case was premature.

U.S. District Judge Victor Marrero said the CFTC's complaint  includes reasonable allegations that Corzine failed to supervise employees tasked with keeping MF Global's customer funds safe and that O'Brien oversaw the transfers of hundreds of millions of...
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