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Jon Corzine resigns from MF Global after $600m goes missing
Corzine has hired prominent white-collar defense lawyer Andrew Levander of the law firm Dechert to represent him in cases that might stem from the bankruptcy filing, a legal source briefed on the matter said on Thursday.
Updated: 11/04/2011 12:45P
Madoff trustee sues BNP Paribas for nearly $1 bn
The trustee said federal bankruptcy law and New York state law governing debtors and creditors entitle him to recover the $975.5 million from BNP Paribas. BNP Paribas in an email said that it believes the complaint has no merit, and that it intends to
Updated: 11/04/2011 12:43P
MF Global CEO resigns 4 days after bankruptcy filing
By Bloomberg Jon Corzine, who joined MF Global Holdings 20 months ago to transform the futures broker into an investment bank, quit Friday amid regulatory probes and after the firm filed the eighth-largest bankruptcy in US history.
Updated: 11/04/2011 12:43P
Jon Corzine quits as head of MF Global
It marks a rapid downfall for the son of an Illinois farmer who, after leaving Goldman Sachs when it floated in 1999, entered politics to eventually become governor of New Jersey. When he was voted out of office, he joined MF Global in 2010.
Updated: 11/04/2011 12:41P
Corzine quits as MF Global CEO
MF Global filed for bankruptcy protection on Monday after its bets on European debt spooked investors and trading partners. The company is under investigation by regulators and the FBI because hundreds of millions disappeared from customer accounts as
Updated: 11/04/2011 12:40P
Court rules City of Harrisburg can pay pre-petition amounts to ordinary course
The court found that given the limitation on its jurisdiction under Chapter 9 of the Bankruptcy Code and given that Bankruptcy Code Section 363 (which deals with generally with the use, sale or lease of property) is not incorporated into Chapter 9,
Updated: 11/04/2011 12:39P
Regulators pushed firm over risky bets
FINRA began conversations with MF Global about whether it was appropriate under Generally Accepted Accounting Principles to consider the exposure to be off balance sheet, according to the source, who was not authorised to speak publicly.
Updated: 11/04/2011 12:35P
MF Global U.S. bankruptcy first day hearing leaves questions unanswered
The first day hearings in the Chapter 11 cases of MF Global Holdings Ltd and MF Global Finance USA Inc (together the "Debtors") were held on 1 November 2011 before Judge Martin Glenn in the US Bankruptcy Court for the Southern District of New York (the
Updated: 11/04/2011 12:34P
Maker of Jay-Z's Rocawear Dragged Into 'Real Housewife' Bankruptcy Drama
Take a “Real Housewife of New Jersey,” add a bankrupt business allegedly plundered to fund the lavish lifestyle of said housewife and her family, and mix in Jay-Z's clothing line. Shake it up, and what do you get? A cocktail of drama served up not in
Updated: 11/04/2011 12:34P
Madoff trustee sues BNP Paribas for nearly $1 bln
The trustee said federal bankruptcy law and New York state law governing debtors and creditors entitle him to recover the $975.5 million from BNP Paribas. BNP Paribas in an email said that it believes the complaint has no merit, and that it intends to
Updated: 11/04/2011 12:33P
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