Corzine, Former MF Global Execs Can't Escape Trustee Suit

Law360, Los Angeles (March 24, 2014, 8:17 PM ET) -- A New York federal judge on Monday refused to toss a lawsuit brought against ex-MF Global Holdings Ltd. CEO Jon Corzine and two other former executives for allegedly sinking the company through a dodgy trading strategy, saying the complaint shows the defendants acted in bad faith.

In September, MF Global litigation trustee Nader Tavakoli filed a two-count amended complaint accusing Corzine and others of masterminding a scheme to inflate MF Global's stock price through the trading strategy that ultimately caused the company's downfall.

The amended suit,...
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Case Information

Case Title

Deangelis v. Corzine et al


Case Number

1:11-cv-07866

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Victor Marrero

Date Filed

November 3, 2011

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