Ex-MF Global Execs Slam Customer-Trustee Claim Settlement

Law360, New York (February 10, 2014, 7:22 PM EST) -- Jon Corzine and other former MF Global Inc. executives urged a New York federal court on Friday to block the firm's liquidation trustee from taking on class action claims surrounding money commodity customers lost in its collapse, arguing there is no legal basis for such a maneuver.

Eight onetime directors and officers are disputing a bankruptcy court agreement whereby MFGI commodity customers got distributions from the general estate repaying them in full in return for assigning to Securities Investor Protection Act Trustee James A. Giddens any...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.