According to a press release sent to Northern Ag Network on Friday, a group of Montana Farmers and Attorneys will formally announce on Monday that they are filing suit against John Corzine, JPMorgan and others as their money remains tied up in MF Global’s bankruptcy.
Here are the specifics on the press conference that will be held for the announcement Monday in Missoula:
WHERE: MONDAY, JANUARY 9, 2012, 11 AM MST, RUSSELL SMITH FEDERAL COURTHOUSE (outside), 201 EAST BROADWAY, MISSOULA
WHEN: Monday, January 9, 2012, at 11 AM
WHO: Montana Farmers Marty Klinker, Tim Johnson, Wade Jacobsen and attorneys Mark Baker, Mark Molumphy, Matt Edling and Cory Swanson.
WHAT: A press conference will be held outside of the Russell Smith Federal Courthouse, 201 East Broadway, Missoula. The press conference will follow the filing of a lawsuit related to the collapse of MF Global, the 8th largest bankruptcy in US history, on behalf of commodities customers that had accounts with the firm. Participating in the press conference will be Montana farmers serving as lead plaintiffs in the action, along with their attorneys, to explain the lawsuit and answer any questions that the media may have.
BACKGROUND: On October 31, 2011, MF Global, Inc. a brokerage firm responsible for approximately 38,000 commodities futures customer accounts, including those of several Montana farmers, declared bankruptcy. On that same day, MF Global disclosed the disappearance of approximately $1.2 billion from the segregated accounts of its customers. Since that time, farmers and others in Montana and across the country have been waiting for the return of their funds and to be made whole. Several investigations are currently proceeding into the disappearance of the funds.
© Northern Ag Network 2012
Press Conference Information from Cory Swanson of Anderson, Baker and Swanson, PLLC
Posted by Haylie Shipp