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Jon Corzine

  • WASHINGTON, Dec 24- The U.S. Commodity Futures Trading Commission said on Wednesday it had fined MF Global Holdings Ltd for wrongdoing during the collapse of the futures brokerage, but will continue its lawsuit against the firm's former chief, Jon Corzine. A federal judge in Manhattan approved a settlement in which the company will pay a $100 million fine and be...

  • MF Global Holdings to pay $1.21B in restitution Wednesday, 24 Dec 2014 | 1:39 PM ET

    The Commodity Futures Trading Commission said Wednesday that a New York court required the payment to ensure that claims made of its subsidiary, MF Global Inc., are paid. MF Global Inc. had already settled with the CFTC in 2013. It was required to repay $1.21 billion to its customers, plus a $100 million penalty. MF Global Holdings, the New York- based parent company,...

  • MF Global's underwriters to settle suit for $74 mln Friday, 12 Dec 2014 | 5:40 AM ET

    Dec 12- Seven underwriters of the failed MF Global Holdings Ltd reached a partial settlement with investors, who had filed a lawsuit in 2011 seeking to hold them and some of the brokerage's executives, including its CEO, responsible for its collapse. The underwriters cited in the settlement are Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan, Merrill Lynch,...

  • NEW YORK, Oct 30- A large group of creditors of MF Global Holdings Ltd's bankrupt brokerage unit will soon receive their first payout, as $518.7 million of checks start to be mailed out on Friday, the third anniversary of the company's Chapter 11 filing. James Giddens, the trustee liquidating the MF Global Inc brokerage unit, on Thursday said the payout to unsecured...

  • PwC must face $1 bln lawsuit over MF Global advice Wednesday, 27 Aug 2014 | 1:59 PM ET

    NEW YORK, Aug 27- A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.

  • WASHINGTON, July 31- The new head of the U.S. derivatives regulator on Thursday pledged he would be a tough cop now that the agency has largely finished a raft of new rules to oversee the $710 trillion global swaps market.

  • WASHINGTON, July 28- The U.S. federal agency regulating derivatives has fought just three trials since 2011, all against small-time fraudsters in Florida.

  • WASHINGTON, July 28- The U.S. federal agency regulating derivatives has fought just three trials since 2011, all against small-time fraudsters in Florida.

  • NEW YORK, July 9- A federal judge on Wednesday rejected PricewaterhouseCoopers' request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 collapse of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.

  • MF Global customers to recoup full $6.7 billion owed Thursday, 3 Apr 2014 | 2:58 PM ET
    MF Global sign is seen in the office building where MF Global Holdings Ltd have offices in Manhattan on November 1, 2011 in New York.

    Nearly 26,500 former customers of MF Global Holdings' bankrupt brokerage will recoup all $6.7 billion they are owed, its trustee said.

  • Judge orders MF Global to pay customers $1 billion Monday, 18 Nov 2013 | 12:53 PM ET
    MF Global sign is seen in the office building where MF Global Holdings Ltd have offices in Manhattan on November 1, 2011 in New York.

    A judge ordered MF Global to return more than $1 billion to harmed customers and pay an additional $100 million penalty as part of a civil settlement.

  • Corzine, banks must face MF Global lawsuit, judge says Tuesday, 12 Nov 2013 | 2:54 PM ET
    Jon Corzine testifies at a Capitol Hill hearing on Dec. 15, 2011.

    Former MF Global CEO Jon Corzine lost his bid to dismiss a lawsuit seeking to hold him, colleagues and other banks accountable for the firm's demise.

  • It's found money for MF Global customers Wednesday, 6 Nov 2013 | 10:45 AM ET

    The move, approved by a bankruptcy court judge, will repay MF Global customers by reallocating funds initially earmarked for non-customer unsecured creditors.

  • MF Global white knight James Koutoulas, still fighting  Thursday, 31 Oct 2013 | 12:00 AM ET

    Two years ago MF Global blew up taking down $1.6 billion of customer money. In this "Santelli Exchange Extra," CNBC's Rick Santelli talks with James Koutoulas, the man who successfully led the battle to reclaim those lost funds.

  • Financial watchdog with bite to depart his agency Tuesday, 1 Oct 2013 | 12:03 PM ET
    David Meister, the head of the Commodity Futures Trading Commission's enforcement unit, in his office in Washington, Sept. 27, 2013.

    David Meister is planning to step down as head of CFTC enforcement, even as big battles against financial titans have yet to play out.

  • CNBC's Kate Kelly offers details of the lawsuit against Former MF Global CEO Jon Corzine, and former executive Edith O'Brien; and CFTC Commissioner Bart Chilton, wants to ensure customers that the government is looking out for them.

  • CFTC Sues MF Global Executives  Thursday, 27 Jun 2013 | 2:30 PM ET

    In a 4-count suit, the CFTC has charged former MF Global CEO Jon Corzine and former MF Global executive Edith O'Brien, reports CNBC's Kate Kelly.

  • CFTC Suing Defunct Brokerage MF Global  Thursday, 27 Jun 2013 | 1:51 PM ET

    CNBC's Kate Kelly reports the charges against Jon Corzine will include a failure to supervise, and the charges against the firm include a misuse of funds. Kayla Tausche and John Carney discuss.

  • Corzine In the Crosshairs  Tuesday, 25 Jun 2013 | 4:34 PM ET

    Federal regulators are expected to file civil charges against former MF Global chief Jon Corzine for his role in the collapse of the firm, reports CNBC's Kayla Tausche. Thomas Curran, Peckar & Abramson, and Andrew Stoltmann, Stoltmann Law Offices, discuss the case.

  • Corzine Civil Suit?  Tuesday, 25 Jun 2013 | 10:25 AM ET

    The CFTC is looking to sue Jon Corzine for the collape of MF Global and the firm's misuse of customer funds, reports CNBC's Kayla Tausche.