The trustee liquidating MF Global's broker-dealer said he
may bring civil lawsuits against some of the company's employees in connection
with a massive shortfall in customer funds created in the days leading up to
its collapse, the good folks at Reuters tell us.
Trustee James Giddens said in a statement late Thursday he
may assert claims for breach of fiduciary duty and for violating rules
governing the segregation of client funds. Giddens referenced "individuals
at" MF Global's parent company and its broker-dealer, but did not name
potential targets.
Giddens' spokesman, Kent Jarrell, said the individuals
include officers, directors and other employees, but declined to say whether
former Chief Executive Jon Corzine was among them.
Read all about it at http://www.reuters.com/article/2012/04/12/us-mfglobal-hearing-idUSBRE83B1G520120412
No comments:
Post a Comment