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MF Global trustee says claims possible against Corzine and execs

6 June 2012

Former top executives at MF Global including Jon Corzine could face legal claims over negligence that led to the firm's collapse, according to a long-awaited report by a court-appointed trustee.

James Giddens, charged with liquidating the firm, said there may be valid claims against individuals and entities, which he would pursue through litigation and negotiation. Giddens is weighing up his options and has 60 days to commence an action.

In the 5 June report, Giddens found that the $1.6bn shortfall...


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This article was published as part of issue June 2012/2

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