Ex-MF Global Managers Sue Corzine, Directors

Law360, New York (December 5, 2011, 5:53 PM EST) -- Former MF Global Inc. CEO Jon Corzine was hit Monday with a class action by two ex-employees accusing the bankrupt broker-dealer’s directors of misleading them about the firm’s financial health and encouraging them to buy 22 million shares of now-worthless company stock.

The complaint marks the first class action filed over the firm’s employee stock purchase plan, Jacob H. Zamansky of Zamansky & Associates, an attorney for the plaintiffs, told Law 360 on Monday. Monica Rodriguez, MF Global's former head of credit for the Americas, and...
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