Corzine, Former Group Executives Adhere to MF Global Settlement Worth $132M
Posted: Thu Jul 21, 2016 10:42 am
The MF Global saga may finally be reaching a finality after the bankrupted commodities firm reached a $132 million accord to help end the majority of remaining litigation over the brokerage’s 2011 upheaval and eventual collapse, according to a Reuters report.
One of the key figures in the case has been Jon Corzine, one of nine accused of making improper transfers that totaled more than $891 million from client funds to cover the group’s losses. Corzine was the former governor of New Jersey, who was also chief executive of the brokerage.
Corzine had sought to turn MF Global from a brokerage into ... (read more)