Jon Corzine

  • NEW YORK, March 25- Unsecured creditors of MF Global Holdings' failed brokerage unit may soon receive $461 million in repayment, raising recoveries to 72 percent of claims lodged when it collapsed in 2011, the firm's trustee said on Wednesday. Trustee James Giddens filed court papers seeking a New York bankruptcy judge's approval for the payout.

  • TRENTON, N.J.— Reacting to the state's proposed $225 million settlement with Exxon Mobil, New Jersey lawmakers Thursday advanced measures requiring that more money from environmental settlements be used for cleanup and extending the time the public has to comment before it is approved. Democrats and environmental groups say the state accepted pennies on...

  • 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'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...

  • 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

    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.

  • CFTC Demands Jury Trial for MF Global

    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
    CFTC Sues MF Global Executives

    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
    CFTC Suing Defunct Brokerage MF Global

    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
    Corzine In the Crosshairs

    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
    Corzine Civil Suit?

    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.

  • MF Global Trustee Slaps Ex-CEO Corzine With Lawsuit Tuesday, 23 Apr 2013 | 11:12 AM ET
    Jon Corzine

    Jon Corzine, the former chief executive of MF Global Holdings, was sued by the trustee for the futures and commodities brokerage, who accused him of contributing to the company's October 2011 bankruptcy.

  • Trustee Sues Corzine Over MF Global Collapse   Tuesday, 23 Apr 2013 | 10:12 AM ET
    Trustee Sues Corzine Over MF Global Collapse

    A bankruptcy trustee is suing Jon Corzine and other former MF Global executives, claiming gross negligent led to the brokerage firm's collapse, reports CNBC's Kayla Tausche.

  • The Santelli Exchange: The Future of Corzine   Friday, 22 Feb 2013 | 11:20 AM ET
    The Santelli Exchange: The Future of Corzine

    THe NFA met yesterday to consider a lifetime ban of Jon Corzine from the futures industry. James Koutoulas, Typhon Capital Management, discusses with CNBC's Rick Santelli.

  • MF Global Customers Will Get Money Back: Freeh Sunday, 3 Feb 2013 | 3:04 PM ET
    A Year After MF Global’s Collapse, Brokerage Firms Feel Less Pressure for Change

    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.