MF Global Holdings Ltd. collapsed more than four years ago, but former New Jersey Gov. Jon Corzine and the U.S. Commodity Futures Trading Commission are still sparring in federal court over who is to blame, Dow Jones Daily Bankruptcy Review reported today. The brokerage firm collapsed in the fall of 2011 revealing a shortfall of more than $1 billion in customer accounts. In an exchange of court papers, lawyers for the CFTC and for Corzine argued whether Corzine is liable as the person in control when the brokerage tapped customer accounts to support its own proprietary operations. Sued by the CFTC, Corzine says that he is entitled to a pretrial ruling that the regulator has no case against him.
