Monday July 6, 2020

Jon Corzine sued over MF Global failure

Jon Corzine, the former head of bankrupt broker MF Global, has been sued for failing in his duty to oversee the company and causing the eighth-biggest bankruptcy in US history.

23rd April, 2013
Jon Corzine.

Jon Corzine, the former head of bankrupt broker MF Global, was sued by the holding company’s trustee, Louis Freeh, for failing in his duty to oversee the company and causing the eighth-biggest bankruptcy in US history.

* **PROFILE: Jon Corzine had a habit of living dangerously.**

In the suit, filed in US bankruptcy court in Manhattan, Freeh alleged that Corzine, the company’s chief executive and a former governor and senator from New Jersey, along...

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