Ex-MF Global Execs Again Seek $10M More For Defense Costs

Law360, New York (April 30, 2014, 7:18 PM EDT) -- Fourteen former MF Global Inc. executives on Tuesday renewed their bid for an extra $10 million in insurance proceeds to pay for their defense against claims related to the brokerage’s downfall, telling a bankruptcy judge that the need for the additional funds is “urgent.”

Counsel writing on behalf of the former officials, including Jon Corzine, said in a letter to U.S. Bankruptcy Judge Martin Glenn that the extra money is necessary because the executives have been questioned in a wide array of actions in federal district...
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