James Giddens, the trustee for MF Global Inc.'s bankruptcy, has filed the second interim report in the case. This report provides an update on the progress in the liquidation proceedings over the past six months.
According to Giddens, more than 28,000 filed claims have been resolved. He writes in the report that only about 200 had not been closed by Dec. 4, the date the report was filed.
"The Trustee expects to have the remainder resolved in the next few months through a combination of consensual resolutions and, when necessary, filing omnibus claims determination motions, a process which has already begun," the report states.