Seven banks that helped MF Global Holdings Ltd sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems that led to the futures brokerage's collapse.
The lawsuit was filed Friday afternoon in Manhattan federal court against units of Bank of America Corp, Citigroup Inc, Deutsche Bank AG, Goldman Sachs Group Inc, Jefferies Group Inc, JPMorgan Chase & Co and Royal Bank of Scotland Group Plc.
Other defendants include several officials associated with MF Global, including former Chief Executive Jon Corzine....
Read the rest at The Huffington Post via Reuters
by Jonathan Stempel
I expect we will be seeing massive suits against cities and states over recent (alleged) police brutality, too, which was recorded in pretty gruesome detail on video. I would say that there should also be criminal charges pressed against the offending officers for using excessive force and inflicting injury without adequate reason, given what I have seen on the videos and reports I have read.