House Members Get Few Answers On MF Global's Last Days

Law360, New York (March 28, 2012, 7:45 PM EDT) -- Frustrated lawmakers gave up on a silent Edith O'Brien at a U.S. House of Representatives hearing Wednesday as the ex-MF Global Holdings Inc. assistant treasurer refused to answer questions about her role in a $200 million transfer from customer accounts before the company's collapse.

“On the advice of counsel, I respectfully decline to answer based on my constitutional rights” was O'Brien's refrain until, after several such answers, including to a question about a report that she's attempting to negotiate immunity with federal investigators, she was excused...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.