James giddens

MF Global Inc. Trustee Seeks Authorization for Second Distribution to Unsecured General Creditors

MF Global Inc. won bankruptcy court approval of procedures that will help it sort through $22.7 billion worth of claims from 6,669 general creditors.
MF Global Holdings Ltd.’s trustee, Louis Freeh, said the rights to any winnings from lawsuits against the failed brokerage’s officers and directors including Jon Corzine shouldn’t be given to customers, and should go to the general estate instead.
MF Global Inc. Trustee James Giddens announced an agreement to cooperate and participate in an already pending lawsuit against former MF Global executives.
The trustee liquidating MF Global Inc. won court approval to receive $130 million from CME Group Inc. to pay back the bankrupt brokerage’s customers and other creditors.
A judge on Wednesday held off approving a deal between the trustee unwinding the brokerage of MF Global and CME Group that calls for the futures exchange operator to turn over about $130 million in property that will go to former customers.
In a court filing today, MF Global Inc. (MFGI) Trustee James Giddens said CME Group has agreed to hand over more than $175 million to the trustee, the majority of which is earmarked to be returned to customers.
MF Global Holdings Ltd. may have more than $3 billion of claims against its affiliates and units, the company’s bankruptcy trustee said in a report detailing the progress of an investigation into its collapse.
James W. Giddens, the trustee for the liquidation of MF Global Inc., today filed a report on his independent investigation into the bankruptcy of MF Global and the events that led up to it
A trustee for MF Global Inc., the failed brokerage, can distribute $685 million more to customers, bringing them from 72% to about 80% of what they’re owed, a judge ruled.