R.J. OBrien Sends Letter to Judge in MF Global Bankruptcy Case in Support of Customer Advocacy Group Motion to Compel Examination Under Oath of Former Executives

RJO has a client base that includes many farmers and other agricultural entities which hedge their risk in the futures markets, and a number of these clients were affected by the MF Global bankruptcy.

He said: “While we have come together as an industry in an unprecedented fashion to make tangible improvements to the system that protects customers, we are missing a critical piece of the puzzle. Without examination and cross-examination by attorneys of those in charge, we may never truly know exactly what transpired in the final days and weeks, whether any individuals bear criminal or civil responsibility for these actions, and the extent to which the industry or its regulators could have prevented this travesty. We believe this action to compel testimony is in the best interest of our clients and others who suffered as a result of the firm’s demise.”