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Berger & Montague filed a class action complaint on behalf of tens of thousands of commodities account holders who fell victim to the alleged massive theft and misappropriation of client funds at MF Global Inc.

Posted: January 10, 2012
Practice Areas: Commercial Litigation, Commodities and Options

On January 10, 2012, Berger & Montague filed a class action complaint on behalf of tens of thousands of commodities account holders who fell victim to the alleged massive theft and misappropriation of client funds at MF Global Inc.

The complaint, filed under the caption Kay P. Tee, LLC v. Corzine et al., alleges that individuals and entities associated with the MF Global debacle -- including CME Group Inc., JPMorgan Chase, and former Senator Jon Corzine -- violated numerous laws, including the Commodity Exchange Act and the Racketeer Influenced and Corruption Organizations ("RICO") Act, when more than a billion dollars disappeared from MF Global's customers' accounts.

Berger & Montague is seeking, among other things, to recover these customers' missing funds.

The complaint is available for download here.