MF Global Inc. Trustee James Giddens has failed to claim $120 million in professional liability insurance due MF Global customers, according to a motion filed on Monday. The MF Global Holdings Ltd. trustee wants those proceeds to pay for the defense of officers with the firm.
MF Global Holdings Ltd.’s hiring of consultant Freeh Group International Solutions LLC doesn’t comply with the bankruptcy code, said the U.S. Trustee, a Justice Department arm that oversees bankruptcies.