The most well-regarded of New Jersey’s last three elected governors has been itching to get back into the game for more than a year now. Now, with another settlement—this time with the trustee for MF Global, which met its unfortunate demise under Jon Corzine’s watch a few years back—has him one legal battle away from freedom. Put up or shut up, CFTC: You’re costing the good creditors of a defunct futures brokerage money.
The legal fallout from the collapse of MF Global has produced another settlement, a $132 million pact that ends much of the litigation aimed at former New Jersey Gov. Jon Corzine….
The proposed settlement would end various lawsuits filed by the brokerage’s former customers against individual MF Global executives, but leaves Mr. Corzine still facing a suit brought in 2013 by the U.S. Commodity Futures Trading Commission….
The settlement, for example, sets aside funds for Mr. Corzine’s continued defense in the CFTC action, which seeks to hold him accountable for alleged misuse of customer money.