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...
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Case Information

Case Title

Deangelis v. Corzine et al


Case Number

1:11-cv-07866

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Victor Marrero

Date Filed

November 3, 2011

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