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MF Global judge wary of letting customers depose Corzine

NEW YORK, Dec 19 (Reuters) – A bankruptcy judge responded on Wednesday with skepticism to a request by former MF Global customers to depose the collapsed brokerage’s former chief Jon Corzine. At a hearing in U.S. Bankruptcy Court in Manhattan, Judge Martin Glenn said he doubted whether the Commodity Customer Coalition, a grassroots advocate group for customers hurt by MF Global’s 2011 bankruptcy, had legal standing to subpoena and depose Corzine and other former executives. “The coalition is not a creditor” of MF Global even though it represents customers who are creditors, Glenn said. “It is an inanimate entity.” Glenn said he would wait to make an official ruling. More on Reuters here.

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