Tuesday, December 6, 2011

MF Global Lawsuit: Two ex-employees Sue Jon Corzine, Other Executives

Monica Rodriguez and Cyrille Guillaume, former employees of failed brokerage MF Global have sued its top execs and directors, including ex-CEO Jon Corzine, the former governor and senator from New Jersey, HuffPo reports.

The two employees say the execs lied about MF Global's finances and encouraged workers to put their retirement savings into company stock that later plummeted.

The two are Monica Rodriguez, who was MF Global's head of credit for the Americas, and Cyrille Guillaume, managing director of its commodities and stock division in London. Guillaume and Rodriguez are seeking class-action status for everyone who got company stock as a benefit of working for MF Global after May 2010.

A Corzine spokesman declined to comment on the suit, which was filed Monday in U.S. District Court in Manhattan…

Read more at http://www.huffingtonpost.com/2011/12/05/mf-global-lawsuit-former-_n_1130608.html

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