Instead of spending millions from a landmark 1998 settlement with the tobacco industry on smoking cessation efforts, New Jersey this year will begin repaying hundreds of millions of dollars to bondholders after converting the settlement money into $90 million to fill a budget hole in 2014.. At the height of state funding for tobacco control in 2002, New...
NEW YORK, Jan 5- Jon Corzine, former New Jersey governor and Goldman Sachs co-chairman, will pay a $5 million civil fine to settle a U.S. regulator's lawsuit over the 2011 collapse of his commodity brokerage, MF Global Holdings Ltd.. Thursday's accord with the U.S. Commodity Futures Trading Commission resolves the last piece of litigation against Corzine over MF...
Jan 5- Jon Corzine has agreed to pay a $5 million civil fine to settle a lawsuit by the U.S. Commodity Futures Trading Commission over the 2011 collapse of the former New Jersey governor's brokerage, MF Global Holdings Ltd.. Edith O'Brien, MF Global's former assistant treasurer, agreed to pay a $500,000 civil fine and accept an 18- month ban to settle related claims.
Jan 5- Jon Corzine has agreed to pay a $5 million civil fine to settle a lawsuit by the U.S. Commodity Futures Trading Commission over the 2011 collapse of the former New Jersey governor's brokerage, MF Global Holdings Ltd.. The settlement was disclosed in a Thursday filing with the U.S. District Court in Manhattan. Corzine also agreed to never again work for a...
NEW YORK, Sept 21- Wells Fargo& Co Chief Executive John Stumpf prides himself on being a banker who understands the little guy's financial problems. He smiles, and he's sweet and he's in no way responsible, "said Robert Monks, chairman of ValueEdge Advisors, which advises investors on corporate governance issues. Earlier this month, the lender agreed to pay $190...
NEW YORK, Aug 5- A federal judge rejected PricewaterhouseCoopers' bid to dismiss a $1 billion lawsuit accusing it of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage once run by former New Jersey governor, Jon Corzine. District Judge Victor Marrero in Manhattan said there remained open questions...
NEW YORK, Aug 5- A federal judge has rejected PricewaterhouseCoopers' bid to dismiss a $1 billion lawsuit claiming that its bad accounting advice helped cause the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage once run by former New Jersey governor Jon Corzine. In a decision made public on Friday, U.S. District Judge Victor Marrero in Manhattan...
Blair Effron watched his bank's star rise in a crowded field. His star may rise if Hillary Clinton is elected.
Former MF Global CEO Jon Corzine is reportedly thinking about launching a hedge fund. The experts disagree on whether he'll succeed.
Discussing who may invest with former New Jersey Governor and former Goldman Sachs executive Jon Corzine, with Andrew Stoltmann, Stoltmann Law Offices, and Scott E.D. Skyrm, Wedbush Securities.
Jon Corzine is considering starting his own hedge fund, the Wall Street Journal reported Sunday on its online edition.
Nearly 26,500 former customers of MF Global Holdings' bankrupt brokerage will recoup all $6.7 billion they are owed, its trustee said.
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.
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.
The move, approved by a bankruptcy court judge, will repay MF Global customers by reallocating funds initially earmarked for non-customer unsecured creditors.
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.
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.
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.
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.