MF Global entered Chapter 11 bankruptcy on Oct. 31 2011 after talks to sell the firm broke down based on an apparent shortfall in its customers segregated funds.
The crisis is more than seven weeks old and customers still have not been made whole. On Dec. 9 the bankruptcy judge approved a third bulk transfer that promises to "true up" all customers to 72% of their account value. Many customers are still waiting on that transfer.
As of mid-December the trustee is still claiming there is a shortfall of $1.2 billion or more and there is some question if customers will ever be made whole.
Below are links to our coverage on MF Global starting from before the bankruptcy filing.
CFTC Sommers responds to MF Global customers
MFGI trustee files to return additional $2.1 billion to customers
Good news bad math
Whitepaper: How to save the futures industry
MF Global trustee seeks to charge additional fees
MFGI trustee files expedited claims process
MFGI trustee doesn't know amount of seg fund shortfall
MF Global customer group joins battle
MFGI customer group white paper
Non-US MF Global positions wound down
MF Global weighing buyout options