NEW YORK, Feb 3- Former customers of Jon Corzine's collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company.
*Settlement resolves intercompany claims between MF Global entities. Judge Martin Glenn greenlighted the deal at a hearing in U.S. Bankruptcy Court in Manhattan, about six weeks after trustees for MF's UK and U.S. broker-dealers, as well as its parent, announced the deal to resolve billions of dollars in intercompany claims.
NEW YORK, Jan 30- A year ago, the bankruptcy of MF Global, the collapsed brokerage run by former New Jersey Governor Jon Corzine, seemed like it would be a long and messy affair involving plenty of courtroom drama around the world.
CHICAGO, Jan 30- Russell Wasendorf Sr., who admitted looting more than $100 million from futures broker Peregrine Financial Group, expects to die behind bars even if a judge ignores prosecutors and imposes a lenient sentence at a hearing on Thursday.
*Grassroots coalition is not a direct creditor of MF Global- judge. 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.
*EPA tenure marked by battles with Republicans, industry. Under her leadership, the agency declared for the first time that carbon dioxide was a danger to human health and could be regulated under the Clean Air Act, leading the EPA to develop a new regulatory regime to limit carbon emissions.
At a hearing in U.S. Bankruptcy Court in Manhattan, Judge Martin Glenn said he doubted whether the Commodity Customer Coalition, a grassroots advocate group for customers hurt by MF Global's 2011 bankruptcy, had legal standing to subpoena and depose Corzine and other former executives.
A House of Representatives subcommittee squarely placed blame on MF Global's last chief executive officer, Jon Corzine- a former co-chairman of Goldman Sachs- for creating a culture of unfettered risk. The report also scolded the SEC and CFTC for poorly communicating with each other during MF Global's death spiral.
Nov 15- A U.S. congressional panel suggested on Thursday that the Securities and Exchange Commission and Commodity Futures Trading Commission merge, saying their failure to share information contributed to the collapse of futures brokerage MF Global.
WASHINGTON, Nov 14- Poor management decisions by MF Global former CEO Jon Corzine triggered the brokerage firm's collapse, while lax protections for customer funds contributed to the loss of an estimated $1.6 billion of customer money, U.S. congressional investigators have determined.
WASHINGTON, Nov 14- Poor management decisions by MF Global's former CEO Jon Corzine triggered the brokerage firm's collapse, while lax protections for customer funds contributed to the loss of an estimated $1.6 billion of customer money, U.S. congressional investigators have determined.
WASHINGTON, Nov 14- MF Global's collapse and the loss of an estimated $1.6 billion in customer money was triggered by former CEO Jon Corzine's poor management decisions and lax protections for customer funds, a congressional investigation has determined.
*New inquiries come after authorities met with Jon Corzine. *One-year anniversary of MF Global collapse approaches.