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.
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 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.
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.