Posted on 10/24/2012 4:23:10 PM PDT by Libloather
Corzine Asks Judge to Dismiss MF Global Fraud Suit
By PATRICK FITZGERALD
October 23, 2012, 1:30 p.m. ET
Lawyers for former MF Global Holdings Ltd. Chief Executive Jon Corzine are asking a federal judge to toss a civil fraud lawsuit accusing him of misleading investors about the risky bets the futures firm was taking before its collapse a year ago.
Mr. Corzine's lawyers blasted the investors' suit as a "jumble of assertions and accusations" that makes "no sense" that should be dismissed in a filing Friday in U.S. District Court in New York. A group of banks and underwriters—among them units of Goldman Sachs Group Inc., J.P. Morgan Chase & Co. and Citigroup Inc. that are also being targeted by the investors joined Mr. Corzine in asking Judge Victor Marrero to throw out the lawsuit.
(Excerpt) Read more at online.wsj.com ...
I bet this one-percenter knows exactly where his cash is. Everyone else's - not so much.
FRY the bastard!!
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