Try our Advanced Search for more refined results
Your firm must have an account to access this feature
Track this case
Case overview
1:11-cv-07866
New York Southern
Securities/Commodities
Class Action
Victor Marrero
A New York magistrate judge on Thursday told attorneys for former customers of defunct commodities firm MF Global they aren't entitled to a slice of fees from settlements for which they were already paid as they seek a final fee award from a global settlement.
Former MF Global CEO Jon Corzine and assistant treasurer Edith O'Brien have agreed to pay $5 million and $500,000, respectively, to the U.S. Commodity Futures Trading Commission to settle charges over their roles in the firm's 2011 collapse, the CFTC announced Thursday.
Defunct commodities firm MF Global has said that attorneys for its former customers are seeking a "free ride" in fees from settlements that weren't their doing and urged a Manhattan federal judge to cut down their $47 million request.
A group of investors asked a New York federal judge to approve the final settlement in litigation stemming from the 2011 collapse of MF Global Inc., saying they've reached a $29.8 million deal with five investment banks that underwrote the brokerage's stock and debt offerings.
Former MF Global CEO Jon Corzine on Tuesday shot back at the U.S. Commodity Futures Trading Commission's bid to hold him responsible for the brokerage firm's alleged misuse of customer funds, telling a New York federal judge that he didn't have control over account transfers.
The U.S. Commodity Futures Trading Commission on Friday slammed an attempt by ex-MF Global Holdings Ltd. chief executive Jon Corzine to pause the regulator's civil case against him while he and others work out a settlement to parallel litigation with the firm's former customers and bankruptcy trustee.
A New York federal judge on Wednesday granted class certification to a group of MF Global Inc. investors who say they were swindled by the now-collapsed commodities brokerage and its underwriters, ruling that they have satisfied all the requirements for certification.
A New York federal judge allowed a group of former MF Global Inc. commodities customers who say they were swindled by the now-collapsed brokerage to pursue damages claims as a class Monday, ruling their claims were similar and had not been surrendered to the company's bankruptcy trustee.
Former New Jersey Gov. Jon Corzine and other former MF Global executives will pay $64.5 million to settle claims that they swindled investors by touting the brokerage's financial health before its fall 2011 collapse, during which $1.6 billion worth of customer money went missing, according to a Tuesday filing.
A New York federal judge ordered the U.S. Commodity Futures Trading Commission on Monday to provide former MF Global Holdings Inc. Chairman Jon Corzine with more information on allegedly improper transfers of cash during the broker's October 2011 downfall, though he stopped short of granting Corzine's deposition request.