MF Global Execs Again Duck Breach Of Fiduciary Duty Claims

Law360, Chicago (March 11, 2014, 7:35 PM EDT) -- A New York federal judge on Tuesday refused to revisit his February decision tossing breach of fiduciary duty claims from a class action against bankrupt MF Global Inc.’s former top brass, ruling again that the plaintiffs had waived those claims.

In a 15-page order, U.S. District Judge Victor Marrero denied a motion for reconsideration brought by the plaintiffs, MF Global customers who accuse former CEO Jon Corzine and others of lying about a $1.6 billion shortfall in customer funds before the firm’s 2011 collapse.

“Having failed...
To view the full article, register now.




Case Information

Case Title

Deangelis v. Corzine et al

Case Number



New York Southern

Nature of Suit



Victor Marrero

Date Filed

November 3, 2011

Law Firms


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.