The MF Global Inc. (MFGI) trustee put out an update on the status of his investigation ... indicating a more active pursuit of civil charges against certain officers of MF Global and MF Global Holdings itself.
Creditors of MF Global Holdings Ltd. are questioning a $1.6 billion estimate of how much more is required to repay customers of the failed brokerage, their lawyer said in Manhattan bankruptcy court today.
Employees of MF Global Holdings Ltd.’s U.K. unit are seeking 39 million pounds ($62 million) of unpaid bonuses, severance pay and pension contributions from the collapsed broker’s administrator KPMG LLP.
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.