Rep. Calls For Independent Counsel In MF Global Probe

Law360, New York (May 3, 2012, 6:07 PM EDT) -- A House Republican on Wednesday called on the U.S. Department of Justice to appoint an independent counsel in the criminal investigation behind the collapse of MF Global Holdings Ltd., fearing that former CEO Jon Corzine's ties to government officials could impede the probe.

Rep. Michael Grimm, R-N.Y., expressed concern Wednesday in a draft letter to Attorney General Eric Holder that Corzine's close ties to government officials could lead to public suspicions of special treatment. These ties include a working relationship with Gary Gensler, the current chairman of...
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