Free Republic

NEW YORK (Reuters) - A bankruptcy judge on Tuesday rejected a bid by former MF Global customers to depose the collapsed brokerage's former chief, Jon Corzine. In a written ruling in U.S. Bankruptcy Court in Manhattan, Judge Martin Glenn said the Commodity Customer Coalition, which had sought permission to question Corzine and other former MF Global insiders, lacked standing because it is not a direct creditor in the case. The coalition, a grassroots group led by Chicago-based commodities trader James Koutoulas, bills itself as representing the interests of thousands of traders whose accounts at MF Global were frozen when the...

Stock Market Watch reported: Best quotes from Koutoulas: “Crimes were unequivocally committed and I will do whatever I can to continue to do the government’s job for it and help see justice done.” “MF Global had a choice. Do we cheat or go out of business. And they cheated. They broke the law. And these took these customer funds to cover margin calls.” “Attorney General Eric Holder’s Department of Justice is the biggest enabler of financial crime in U.S. history.” And the kill shot: “I will take this to all 50 states. And we will win. We will get a...