Judge Sees No Quick End To 'Train Wreck' MF Global Cases

Law360, New York (July 13, 2012, 8:29 PM ET) -- A federal judge urged sanity as MF Global Holdings Ltd. players prepare to litigate more than two dozen lawsuits over the 'train wreck' collapse of the brokerage, telling them not delude themselves into expecting a quick out.

U.S. District Judge Victor Marrero, who is overseeing a combined 27 individual and class actions against former MF CEO Jon Corzine and others, told the defendants to try to promote efficiency as they begin to litigate through the thick of lawsuits after the firm collapsed and filed for bankruptcy...
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