Corzine, Execs Blast MF Global Trustee’s Negligence Suit

Law360, New York (November 4, 2013, 7:16 PM EST) -- Former MF Global Holdings Ltd. CEO Jon S. Corzine urged a New York bankruptcy court on Friday to toss an amended suit launched by the brokerage’s bankruptcy trustee, who alleged Corzine and other executives masterminded a scheme to inflate MF Global's stock price and ultimately caused the company's downfall.

Corzine, former Global Chief Operating Officer Bradley I. Abelow and former Chief Financial Officer Henri J. Steenkamp filed a joint motion to dismiss the amended suit brought by MF Global’s bankruptcy trustee, Nader Tavakoli. They argue that...
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