A US District Judge in Manhattan has cleared the way to hold MF Global Holdings Ltd(OTCMKTS:MFGLQ) senior executives responsible for the collapse of the failed derivatives brokerage firm. MF Global senior executives target of lawsuit Three MF Global executives named in the suit – former CEO Jon Corzine, COO Bradley Abelow and CFO Henri Steenkamp – had sought to dismiss the case brought by US bankruptcy trustees. The suit charges the leadership team was responsible for the liquidity crisis that brought about the firm’s demise the final week of October, 2011, noted a Reuters report. At the end of that…
Judge Denies Attempts To Dismiss Suit Against Corzine – Again
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.