Jon Corzine Can’t Pay Damages With Creditor Money: U.S.

Jon Corzine, the former head of MF Global Holdings Ltd., shouldn’t be able to use money that would flow to creditors of the bankrupt futures broker to cover the damages he and others caused to its former customers, according to a court filing today from the Commodity Futures Trading Commission.

To contact the reporter on this story: Tiffany Kary in New York at tkary@bloomberg.net

To contact the editor responsible for this story: David E. Rovella at drovella@bloomberg.net

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