Apr 16, 2014

MF Global Brass Must Face Some Customer Claims

An MF Global Inc. customer seeking at least $100 million in damages over the brokerage firm’s collapse may pursue some claims against Jon Corzine and five other top executives, a New York federal judge ruled. U.S District Judge Victor Marrero refused to dismiss Sapere CTA Fund LP’s negligence and aiding and abetting claims against former CEO Corzine, former operations chief Bradley Abelow, former finance chief Henri Steenkamp and three others who worked in the company’s treasury department.

Read more here: Law 360, Apr. 16, 2014

By, Edward M. Pinter