In an opinion issued yesterday, Judge Marrero granted in part and denied in part the latest motion to dismiss one of a “plethora” of lawsuits against MF Global, Jon Corzine and other former employees and directors of the now-defunct firm. With this his third ruling in the past several months on claims based on
11 Civ. 07866
Judge Marrero Largely Denies Motion to Dismiss Customer Class Action Against MF Global
By Charles Michael on
In a 79-page decision today, Judge Marrero largely denied a series of motions to dismiss a class action brought by customers of MF Global against the company and others formerly affiliated with the company. Echoing an earlier 105-page ruling denying a motion to dismiss a securities class action brought by MF Global shareholders, Judge Marrero lamented that the parties could not reduce or eliminate the extensive motion practice:
Continue Reading Judge Marrero Largely Denies Motion to Dismiss Customer Class Action Against MF Global
Judge Marrero Emphatically Rejects Group of Motions Disclaiming Liability for MF Global Collapse
By Charles Michael on
In a 105-page ruling today, Judge Marrero denied the defendants’ motion to dismiss a securities fraud class action arising from the collapse of MF Global. The ruling forcefully rejected as “extreme” the notion that none of the 23 defendants could be legally responsible for the sudden loss of billions of dollars:
Continue Reading Judge Marrero Emphatically Rejects Group of Motions Disclaiming Liability for MF Global Collapse