A massive class-action RICO lawsuit has been filed in US District Court in the Southern District of New York against MF Global, the CME Group, and JP Morgan Chase over the rehypothecation and outright theft of MF Global clients assets and subsequent transfer of said assets to JP Morgan Chase.
Dear Friend of GATA and Gold:
Our friends at the Philadelphia law firm of Berger and Montague this week brought a class-action lawsuit in federal court in New York, charging theft and misappropriation, against people connected with the failed commodity brokerage firm MF Global, including its former CEO, former New Jersey U.S. Sen. and Gov. Jon Corzine; MF Global's enabler and supposed regulator, CME Group; and the investment bank JPMorganChase. The lawsuit is brought under both the Commodity Exchange Act and the Racketeer-Influenced Corrupt Organizations Act -- the famous RICO. (Maybe the lawsuit can determine where MorganChase put Judge Crater.)
MF Global clients interested in participating in the lawsuit should contact Berger and Montague's Merrill Davidoff at mdavidoff@bm.net or 215-875-3084 or Michael DellAngelo at mdellangelo@bm.net or 215-875-3080.
The full class-action suit can be found here:
http://www.gata.org/files/MFGlobalClassAction-01-12-2012.pdf
