NYT: Lawyers for Corzine Seek Case’s Dismissal

[proverbialwisdom]

http://dealbook.nytimes.com/2013/09/10/corzine-seeks-dismissal-of-civil-charges-in-mf-global-case/

SEPTEMBER 10, 2013, 7:28 PM

Lawyers for Corzine Seek Case’s Dismissal
BY BEN PROTESS

Jon S. Corzine, the former New Jersey governor accused of a failure of leadership at the helm of the brokerage firm MF Global, is fighting back.

Lawyers for Mr. Corzine filed a motion late Tuesday to dismiss a civil case against him brought by the Commodity Futures Trading Commission, the federal agency that regulated MF Global until its demise in 2011. The 30-page motion, filed in Federal District Court in Manhattan, outlined Mr. Corzine’s defense and leveled a sharp critique of the commission, depicting the agency’s lawsuit as poorly drafted and error prone.

“There is no evidence demonstrating that Mr. Corzine knowingly directed unlawful conduct or acted without good faith,” wrote the lawyers from Dechert, Andrew J. Levander and Benjamin E. Rosenberg. “Rather than acknowledge that reality and move on, the C.F.T.C. has clung to its baseless presumptions and manufactured charges of wrongdoing that are supposedly connected to Mr. Corzine.”

The commission’s case, filed in June, stems from the largest Wall Street failure since the financial crisis. Mr. Corzine ran MF Global when in October 2011 it misused more than $1 billion in customer money and went bankrupt.

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[dixiegrrrrl]

1. He will walk.

Already been decided.
In fact, if I remember my reading correctly, a low level patsy has been charged with doing whatever without Corzine's knowledge.