Corzine Objects To $200M 'Loan' In JPMorgan, MF Global Deal

Law360, New York (June 13, 2013, 10:37 PM EDT) -- Onetime MF Global CEO Jon Corzine and several other of the firm's former top executives said Wednesday that a settlement between the failed firm's bankruptcy trustee and JPMorgan Chase Bank NA should be rejected because it improperly funneled $200 million to the brokerage's clients.

In a filing in New York federal, Corzine and the other executives said they objected not to the total $546 million settlement between trustee James Giddens and JPMorgan, but rather to the way funds from the settlement were to be distributed to...
To view the full article, register now.