MF Global trustee to sue staff

The trustee liquidating MF Global’s broker-dealer said yesterday he may bring civil lawsuits against some of the company's employees in connection with a massive shortfall in customer funds created in the days leading up to its collapse. Trustee James Giddens said he may assert claims for breach of fiduciary duty and for violating rules governing the segregation of client funds. Giddens referenced “individuals at” MF Global's parent company and its broker-dealer, but did not name potential targets.