MF Global To Face Joined Customer, Investor Suits

Law360, New York (April 24, 2012, 12:50 PM EDT) -- MF Global Inc. commodities customers seeking $1.6 billion that went missing during the broker-dealer’s collapse must consolidate their claims with those of investors in a single multidistrict litigation in New York, a judicial panel ruled Monday.

The U.S. Judicial Panel on Multidistrict Litigation said three large putative class actions against MF Global’s top executives — two in New York and one in Illinois — should be packaged together and heard in the Southern District of New York.

The suits involve two types of claims: those brought...
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