NEWS
Judge Allows Suit Against MFG Execs
Tue Nov 12, 2013 02:53 PM CST

(Dow Jones) -- A federal judge on Tuesday shot down Jon S. Corzine's bid to dismiss a shareholder lawsuit against him and other former MF Global Holdings Ltd. executives, saying the company told investors it was fine despite "dire signs of mounting crisis."

In a strongly worded 105-page opinion filed in U.S. District Court in Manhattan, Judge Victor Marrero said the arguments by Mr. Corzine and the other executives amounted to a claim that "stuff happens," or that the company's sudden implosion was the "fateful work of supernatural forces."

Judge Marrero's ruling means shareholders, led by the Virginia Retirement System, ...

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