Skip to comments.Corzine says MF trustee encroaching on his defense (U.S. Bankruptcy Court)
Posted on 09/01/2012 3:20:24 PM PDT by Libloather
Corzine says MF trustee encroaching on his defense
By Nick Brown
Thu Aug 30, 2012 3:52am IST
NEW YORK, Aug 29 (Reuters) - Former MF Global Chief Executive Jon Corzine is fighting efforts by a bankruptcy trustee to join forces with customers suing him over the commodities brokerage's demise.
Corzine, along with other current and former MF executives, filed an objection in court on Wednesday arguing that their ability to defend themselves would be hurt if trustee James Giddens is allowed to assign his legal claims to plaintiffs in existing cases.
The executives are defendants in multiple lawsuits accusing them of mismanaging the firm and playing a role in its October 2011 collapse.
"Nothing in the Bankruptcy Code authorizes such limitations on the objectors' rights and defenses or an enlargement of the trustee's rights," lawyers for Corzine and the other executives wrote in documents filed in U.S. Bankruptcy Court in Manhattan.
(Excerpt) Read more at in.reuters.com ...
Corzine and his lawyers are panicking that the people that they screwed over are about to find out that they got screwed over even worse than they thought that had been screwed.
I wonder if Corzine might be looking at a RICO lawsuit in civil court soon.
This criminal bastard along with dodd and frank should be behind bars.
How can he call all those people “MF’s”?
In the same cell, a warm dim place, eating Jello with their hands...
” It has devastated many people and some are facing bankruptcy because of Corzine and Wasendorf. I have no sympathy for either of them. “
From my read of the matter, it looks as though Freeh is trying to protect Corzine!
Out of all this Wall St. Mess, I’d like to see just one of these bastards go to jail and have their worthless family thrown into the street without a dime!
There are rumors about Morgan Stanley blowing up. Are the Muppets going to stand for stockholder accounts being "vaporized"?
“There are rumors about Morgan Stanley blowing up. Are the Muppets going to stand for stockholder accounts being “vaporized”?”
I will buy dinner if Morgan Stanley goes under. Those bastards lost one third of my 401K and had me in investments that could not be liquidated in a timely fashion.
It'll all get "liquidated" in a timely fashion if Jamie Dimon, Bernanke's vampire twin, needs it. While everyone talks about empty chairs, these guys are stealing everything.