MF Global News

PwC’s Oscars Screw-Up Could Risk Defense at MF Global Malpractice Trial

PricewaterhouseCoopers LLP’s epic screw-up at the Oscars could carry a high cost if jurors arrive at a malpractice trial next week suspecting the global accounting firm is error-prone. Until a PwC accountant handed Warren Beatty the wrong envelope for the …

MF Global Trustee Recommends Insurance Fund for Futures Customers

Futures customers should have access to a fund that guarantees their accounts up to a certain threshold, the trustee liquidating MF Global Holdings Ltd said in a report on Monday. The report, written by Trustee James Giddens to the U.S. …

MF Global Trustee May Sue Company Employees

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 …

MF Global Executives Win Access to Insurance Monies for Defense

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 …