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MF Global Judge Nixes Customer Group's Bid To Depose Corzine
Reuters ^ | 01/08/2013 | Nick Brown

Posted on 01/08/2013 11:11:34 PM PST by SatinDoll

NEW YORK (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.

[use link for rest of article.]

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," hoping to depose Corzine "in furtherance of its own interests" rather than those of the MF Global estate, Glenn said in his decision.

Koutoulas, reached by phone on Tuesday, dismissed that reasoning as "the most minute technicality imaginable.

"I could have filed 10,000 versions of the motion, one on behalf of each customer we represent," Koutoulas said, adding that the coalition is considering appealing the decision.

(Excerpt) Read more at ...

TOPICS: Business/Economy; Crime/Corruption; Politics/Elections
KEYWORDS: bankster; johncorzine; mfglobal; theft
John Corzine, friend of Barak Hussein Obama II, is still being shielded by authorities.

Looks like Koutoulas will have to file 10,000 versions of the motion.

I believe this blocking motion is being done to stall or discourage the claimants. Typical criminal activity on the part of judiciary.

1 posted on 01/08/2013 11:11:48 PM PST by SatinDoll
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To: Admin Moderator

I just found another thread with a similiar title. I did search for this article but didn’t find it.

Please remove this thread as it is a duplicate. Thanks.

2 posted on 01/08/2013 11:27:27 PM PST by SatinDoll (NATURAL BORN CITZEN: BORN IN THE USA OF CITIZEN PARENTS.)
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To: SatinDoll

Some animals are more equal than others.

3 posted on 01/09/2013 7:04:06 AM PST by Pearls Before Swine
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