Jon Corzine, the former MF Global Holdings Ltd chief executive, and two former colleagues failed to win the dismissal of a lawsuit by a trustee seeking to hold them responsible for the futures brokerage's rapid demise and bankruptcy. U.S. District Judge Victor Marrero in Manhattan said on Monday the trustee may pursue damages over claims that Corzine, former chief operating officer Bradley Abelow and former chief financial officer Henri Steenkamp breached their duties of care and loyalty to the company. "Defendants and other MF Global officers repeatedly increased the company's exposure to risky bets on sovereign debt and shuffled funds among MF Global's subsidiaries to cover a growing liquidity crisis," Marrero wrote. MF Global went bankrupt on October 31, 2011 in the wake of margin calls, market worries about its $6.3 billion sovereign debt wager, and the discovery by regulators that money in customer accounts had been used to cover liquidity shortfalls.
via Business News - Yahoo Finance http://ift.tt/1ix4MxU
0 commentaires:
Enregistrer un commentaire