MF Global Execs Hit With RICO Class Action

Law360, New York (January 23, 2012, 8:26 PM EST) -- Jon Corzine and other executives at the helm of MF Global Holdings Ltd. when it crashed and burned were hit with a putative customer class action Friday in New York alleging racketeering and Commodity Exchange Act violations.

Named plaintiff Robert Marcin contends Corzine, MF Global's former chairman and CEO, and other company bigwigs should be held accountable under the Racketeer Influenced and Corrupt Organizations Act because they allegedly oversaw the looting of customer accounts to secretly fund the business's transactions and provided false information to customers...
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