Reuters reports that earlier today, U.S. District Judge Victor Marrero greenlighted a lawsuit seeking to hold Jon Corzine and the upper echelons of MF Global management responsible for the late firm’s difficulties. But before customers’ lawyers got around to high-fiving and slapping each other on the back, Marrero had some words for them too. The short version: You assholes are on thin ice, too.
Marrero said that it was reasonable to infer someone “did something wrong to set in motion such an extraordinary chain of events causing such extensive harm to so many people and interests.” But the judge also called the litigation “wasteful and rancorous” and chastised the parties for failing to come together to resolve the matter “in a just and efficient way.” The judge also chided lawyers for the customers for filing claims that “fly in the face of clear precedent.” He dismissed parts of the lawsuit, including claims pending against accounting firm PricewaterhouseCoopers.
In sum, fuck all of you for wasting my time.