MF UNTOUCHABLE: Corzine Wins Again

From The Daily Bail
January 10, 2013 - 1:23pm

How you like me now... I swear to tell the truth, the whole truth and nothing but the truth. --- MF Global Judge Nixes Customer Group's Bid to Depose Corzine Reuters A bankruptcy judge on Tuesday rejected a bid by former MF Global customers to depose the collapsed brokerage's former chief, Jon Corzine. In a written ruling in U.S. Bankruptcy Court in Manhattan, Judge Martin Glenn said the Commodity Customer Coalition, which had sought permission to question Corzine and other former MF Global insiders, lacked standing because it is not a direct creditor in the case. The coalition, a grassroots group led by Chicago-based commodities trader James Koutoulas, bills itself as representing the interests of thousands of traders whose accounts at MF Global were frozen when the company went under.  But the coalition itself is merely a "'watchdog' entity with its own independent goals," hopi...

Share this article »  

Continue reading this article »