Are the MF Global holding company trustee Louis Freeh and the broker dealer SIPA trustee JamesGiddens ever going to investigate JP Morgan and MF Global auditor PwC?
JamesGiddens says the former CEO, Jon Corzine, along with his executives may face legal claims for breach of fiduciary duty when they used customer money to fund a growing liquidity crisis.
To date about 89 percent of the money has been recovered for U.S. customers of the firm and around 18 percent for foreign customers, according to the other MF Global trustee, JamesGiddens, who has overseen the liquidation of the firm's operations and distributed recovered funds to customers.