Attorney Jacob Frenkel Comments in Forbes Article about MF Global Case
- Frenkel, Jacob S. .
- Media Mentions
Want to get our alerts?
Click “Subscribe Now” to get attorney insights on the latest developments in a range of services and industries.
In the article “Did The Accountants Kill MF Global? Jury to Decide in $3 Billion PwC Suit,” published by Forbes, written by Dan Fisher, Attorney Jacob Frenkel, who Chairs the firm's Government Investigations and Securities Enforcement practice, comments on the central question in the case.
MF Global, the bankrupt commodities trading firm, blames PwC for its collapse and are suing the firm for negligence. The central question in this case is whether MF Global failed because of a flawed investment strategy by former chief Jon Corzine of investing billions of dollars in European sovereign debt, or PwC’s opinion that MF Global could keep those bonds off its books.
“This case aggressively and dangerously seeks to redefine the role of auditors from reviewers – auditors – of financial statements and presentation to a guarantor of business judgment,” said Mr. Frenkel, a former Securities and Exchange Commission enforcement lawyer and partner in charge of the government investigations practice.
To read the full article, please click here.
MF Global, the bankrupt commodities trading firm, blames PwC for its collapse and are suing the firm for negligence. The central question in this case is whether MF Global failed because of a flawed investment strategy by former chief Jon Corzine of investing billions of dollars in European sovereign debt, or PwC’s opinion that MF Global could keep those bonds off its books.
“This case aggressively and dangerously seeks to redefine the role of auditors from reviewers – auditors – of financial statements and presentation to a guarantor of business judgment,” said Mr. Frenkel, a former Securities and Exchange Commission enforcement lawyer and partner in charge of the government investigations practice.
To read the full article, please click here.
Contacts

Jacob Frenkel
Member and Chair of Government Investigations & Securities Enforcement
Washington, D.C.
Recent Insights
- July 01, 2025 Industry Alerts Texas Passes TRAIGA: What the New AI Law Means for Your Business
- June 30, 2025 Industry Alerts QuickHits: DOJ’s FCPA Shift and Impacts on U.S.-China Operations
- June 30, 2025 In the News Nine Dickinson Wright Attorneys Recognized in Nevada Business's Top Rank Attorneys 2025
- June 30, 2025 In the News Two Dickinson Wright Lawyers Recognized in 2025 Northern California Super Lawyers, One Named Rising Star
- June 27, 2025 In the News Thomas Vitale Joins Dickinson Wright Ann Arbor Office as a Member
- June 26, 2025 In the News Lindsey Specht Joins Dickinson Wright Washington, D.C. Office
- June 26, 2025 In the News Two Dickinson Wright Attorneys Recognized in Florida Super Lawyers
- June 26, 2025 In the News Evans Ngondo Joins Dickinson Wright Toronto Office
- June 23, 2025 In the News Thomas Philbrick Joins Dickinson Wright Detroit Office