Sunday, 21 December 2014
Last updated 7 hours ago
Apr 17 2014 | 9:51am ET
Private-equity firm J.C. Flowers & Co. has been cleared of allegations that it defrauded customers of defunct futures brokerage MF Global Holdings.
U.S. District Judge Victor Marrero yesterday allowed Sapere CTA Fund’s lawsuit against former MF Global CEO Jon Corzine and two other former officials to stand. But he threw out the fund’s claim that Flowers had “control” over Corzine’s conduct and was therefore liable for the 2011 collapse.
Marrero also tossed claims against MF Global board members.
“We are pleased by the court’s decision dismissing the baseless claims against J.C. Flowers,” the firm said.
Corzine, former MF Global chief operating officer Bradley Abelow and former CFO Henri Steenkamp were not so lucky: For the fifth time, a judge has refused to dismiss litigation against them stemming from MF Global’s failure.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.