MF Global Holdings, Ltd. (fka MFGLQ)

[mrfence]

Interesting the Judge is the one pushing the parties to settle through mediation... that usually indicates the Judge does not wish to render the harsh decision which in this case would be issuing a Judgement for over 3 billion if it goes all the way through trial, and that's when treble damages may sometimes be won in a malpractice suit.

Judge Marrero dismissed MF Global’s claims of unjust enrichment and breach of contract, but let stand the professional malpractice claim.

Obviously there's already enough malpractice evidence on the surface of the claim for a trial in the Judges opinion.

PWC would be wise to write a check that MF Global is willing to accept to avoid a take no prisoners trial IMO.