House Calls On Corzine To Explain MF Global Meltdown

Law360, New York (November 22, 2011, 5:56 PM EST) -- A House subcommittee on Tuesday called on former MF Global Inc. CEO Jon Corzine to testify at an upcoming hearing on the collapse of the broker-dealer and its potentially illegal misplacement of an estimated $1.2 billion in customer funds.

The Oversight and Investigations Subcommittee of the House Financial Services Committee requested that Corzine attend its Dec. 15 hearing, which will focus on the decisions and events leading to MF Global's meltdown, the panel said in a statement. It will mark the first time the former New...
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