Insurance Journal » Jon Corzine http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Sun, 19 May 2013 04:43:21 +0000 en-US hourly 1 http://wordpress.org/?v=3.5.1 Focus of MF Global Probes Turns to Civil Cases; Insurance Dwindling http://www.insurancejournal.com/news/national/2012/09/13/262889.htm Thu, 13 Sep 2012 12:20:30 +0000 http://www.insurancejournal.com/?p=262889 Prosecutors investigating the collapse of failed commodities brokerage MF Global are close to wrapping up their criminal probe and are unlikely to file criminal charges, a move that could pave the way for regulators to bring civil cases, according to …

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]]> Claims Against MF Global’s Corzine, Other Executives May Depend on Insurance http://www.insurancejournal.com/news/national/2012/06/05/250064.htm Tue, 05 Jun 2012 13:14:59 +0000 http://www.insurancejournal.com/?p=250064 Jon Corzine failed to address MF Global Holdings Ltd.’s growing liquidity needs as he tried to build the commodities broker into a global investment powerhouse, helping create the conditions that led to its downfall, a trustee in MF’s bankruptcy said …

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]]> MF Global Trustee May Sue Company Employees http://www.insurancejournal.com/news/national/2012/04/13/243206.htm Fri, 13 Apr 2012 08:00:29 +0000 http://www.insurancejournal.com/?p=243206 The trustee liquidating MF Global’s broker-dealer said he may bring civil lawsuits against some of the company’s employees in connection with a massive shortfall in customer funds created in the days leading up to its collapse. Trustee James Giddens said …

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]]> MF Global Executives Win Access to Insurance Monies for Defense http://www.insurancejournal.com/news/national/2012/04/10/242882.htm Wed, 11 Apr 2012 00:45:46 +0000 Jonathan Stempel http://www.insurancejournal.com/?p=242882 Former MF Global Holdings Ltd. Chief Executive Jon Corzine and other company officials won court permission to tap as much as $30 million of insurance money to defend lawsuits over the futures brokerage’s collapse. Tuesday’s decision by U.S. Bankruptcy Judge …

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]]> MF Global Judge to Examine Insurance Payments for Former Executives http://www.insurancejournal.com/news/east/2012/02/10/234932.htm Fri, 10 Feb 2012 12:08:49 +0000 Jonathan Stempel http://www.insurancejournal.com/?p=234932 The U.S. judge overseeing MF Global’s bankruptcy plans a closer review before deciding whether any of an estimated $190 million of insurance coverage for former company executives should instead go to customers. Opponents of the plan to cover former executives, …

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]]> Lawyers, Firms Line Up as MF Global Crumbles http://www.insurancejournal.com/news/east/2011/11/14/224039.htm Mon, 14 Nov 2011 19:00:32 +0000 http://www.insurancejournal.com/?p=224039 Just days after the collapse of MF Global, a healthcare plaintiffs’ lawyer registered the domain mfglobal-lawsuit.com — a sign of the legal business the brokerage’s failure is expected to generate. Timothy Butler of Darien, Connecticut, said he is hoping for …

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