Lawyers for former MF Global Holdings Ltd. Chief Executive Jon Corzine are asking a federal judge to toss a civil fraud lawsuit accusing him of misleading investors about the risky bets the futures firm was taking before its collapse a year ago, the Wall Street Journal reported today. Corzine's lawyers blasted the investors' suit as a "jumble of assertions and accusations" that makes "no sense" that should be dismissed in a filing on Friday in U.S. District Court in New York. A group of banks and underwriters — among them units of Goldman Sachs Group Inc., JPMorgan Chase & Co. and Citigroup Inc. — that are also being targeted by the investors joined Corzine in asking Judge Victor Marrero to throw out the lawsuit.
