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Business Jon Corzine

  • NEW YORK, March 24- A "massive amount of misconduct" in futures, options and swaps markets goes undetected because of insufficient data mining, Aitan Goelman, who until last month was enforcement chief for the top U.S. derivatives regulator, said in an interview. Goelman said a lack of resources meant the U.S. Commodity Futures Trading Commission did not have the...

  • NEW YORK, March 24- A "massive amount of misconduct" in futures, options and swaps markets goes undetected because of insufficient data mining, Aitan Goelman, who until last month was enforcement chief for the top U.S. derivatives regulator, said in an interview. Goelman said a lack of resources meant the U.S. Commodity Futures Trading Commission did not have the...

  • Jon Corzine, former chairman of MF Global Holdings Ltd., exits district court in New York, on Thursday, March 9, 2017.

    The last big legal battle around the demise of the failed brokerage has finally been put to rest.

  • NEW YORK, March 23- PricewaterhouseCoopers LLP has settled a $3 billion negligence lawsuit over the October 2011 collapse of MF Global Holdings Ltd, the futures and commodities brokerage once run by former New Jersey governor Jon Corzine. It also ends a trial that began on March 7 in the U.S. District Court in Manhattan, where several witnesses including Corzine...

  • NEW YORK, March 23- PricewaterhouseCoopers LLP has settled a $3 billion lawsuit in which the bankruptcy administrator of MF Global Holdings Ltd accused the auditor of malpractice that led to the collapse of the brokerage run by former New Jersey governor Jon Corzine. Terms were not disclosed, but the case was "settled to the mutual satisfaction of the parties,"...

  • NEW YORK, March 15- A federal judge has rejected PricewaterhouseCoopers LLP's bid to sharply restrict how the bankruptcy plan administrator for Jon Corzine's defunct brokerage MF Global Holdings Ltd pursues its $3 billion malpractice case against the auditor. District Judge Victor Marrero in Manhattan refused to force the administrator, which is seeking...

  • NEW YORK, March 13- PricewaterhouseCoopers LLP on Monday said it may seek a mistrial in a $3 billion malpractice case over the collapse of Jon Corzine's MF Global Holdings Ltd, saying it was blindsided when the plaintiff changed its theory of why the brokerage failed. The auditor has been accused by MF Global's bankruptcy administrator of accounting...

  • NEW YORK, March 13- PricewaterhouseCoopers LLP on Monday said it may seek a mistrial in a $3 billion malpractice case over the collapse of Jon Corzine's MF Global Holdings Ltd, saying it was blindsided when the plaintiff changed its theory of why the brokerage failed. The auditor has been accused by MF Global's bankruptcy administrator of accounting...

  • Fmr. MF Global CEO testifies on company's collapse

    Former MF Global CEO Jon Corzine takes the stand in a case between MF Global and PricewaterhouseCoopers. CNBC's Leslie Picker reports the latest.

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 10- Former New Jersey Governor Jon Corzine on Friday resisted accepting blame for the October 2011 collapse of his brokerage MF Global Holdings Ltd, repeatedly stressing his reliance on judgments by the auditor PricewaterhouseCoopers LLP. Corzine was testifying for a second day for MF...

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 10- Former New Jersey Governor Jon Corzine on Friday resisted accepting blame for the October 2011 collapse of his brokerage MF Global Holdings Ltd, repeatedly stressing his reliance on judgments by the auditor PricewaterhouseCoopers LLP. Corzine was testifying for a second day for MF...

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 9- Former New Jersey Governor Jon Corzine defended his big bet on European sovereign debt at MF Global Holdings Ltd, and said market confusion over the wager and changing advice from auditor PricewaterhouseCoopers LLP were factors in the brokerage's rapid collapse.

  • Former MF Global CEO Jon Corzine testifies

    Former MF Global CEO Jon Corzine takes the stand in a case between MF Global and PricewaterhouseCoopers. CNBC's Leslie Picker reports the latest.

  • *MF Global administrator eyes $3 billion damages from PwC. NEW YORK, March 9- Former New Jersey Governor Jon Corzine defended his big bet on European sovereign debt that was a major factor in the collapse of his company MF Global Holdings Ltd, and said the auditor of the futures and commodities brokerage should have flagged any accounting problems.

  • *MF Global administrator seeks $3 billion in damages. NEW YORK, March 7- PricewaterhouseCoopers LLP pinned blame for MF Global Holdings Ltd's collapse squarely on the commodity brokerage and its former chief executive officer, Jon Corzine, as a trial over the auditor's own responsibility got under way on Tuesday. Jurors in Manhattan federal court are...

  • *MF Global administrator seeks $3 billion in damages. NEW YORK, March 7- PricewaterhouseCoopers LLP pinned blame for MF Global Holdings Ltd's collapse squarely on the commodity brokerage and its former chief executive, Jon Corzine, as a trial over the auditor's own responsibility got under way on Tuesday. Jurors in Manhattan federal court are considering...

  • NEW YORK, March 7- PricewaterhouseCoopers LLP pinned the blame for MF Global Holdings Ltd's collapse squarely on the commodity brokerage and its former chief executive, Jon Corzine, at the start on Tuesday of a trial over whether the auditor should pay about $3 billion for its alleged negligence. Jurors are considering a demand by MF Global's bankruptcy plan...

  • Warren Beatty and Jimmy Kimmel at the 89th Academy Awards.

    Lawyers struggled to find jurors to decide whether PricewaterhouseCoopers helped cause the collapse of MF Global, a brokerage once headed by former New Jersey Gov. Jon Corzine.

  • NEW YORK, March 6- Publicity about both the recent Academy Awards and Wall Street hung over a Manhattan courtroom on Monday as lawyers struggled to find jurors to decide whether PricewaterhouseCoopers helped cause the collapse of MF Global Holdings Ltd, a commodity brokerage once headed by former New Jersey Governor Jon Corzine. MF Global's bankruptcy plan...

  • NEW YORK, March 6- Publicity over the recent Academy Awards and Wall Street hung over a Manhattan courtroom on Monday as lawyers struggled to find jurors to decide whether PricewaterhouseCoopers helped cause the collapse of MF Global Holdings Ltd, a commodity brokerage once headed by former New Jersey Governor Jon Corzine. Jury selection began eight days...