Crain's Chicago Business reports:
Jon S. Corzine, the former chief executive of MF Global Holdings Ltd., and other former officials of the failed brokerage agreed to pay $64.5 million to settle an investor lawsuit in the latest unwinding of litigation against the failed brokerage.No word yet on this story from noted corrupt lawyer Eric Holder who seemed to look the other way when "certain" people "hire" the "correct " lawyers. For you rookies out there: don't try and steal this kind of money and think you will not go to jail with unless you personally have been a big time fundraiser for Strongman Barack Obama.
The settlement follows an earlier resolution with PricewaterhouseCoopers LLP, which agreed in April to pay $65 million to rid itself of claims tied to botched audits of the failed brokerage. Underwriters including Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co. agreed to pay investors $74 million.
