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By Lisa Abramowicz, Miles Weiss and Christine Harper |
May 8, 2013
Hedge funds using debt-trading strategies are expanding at a record pace as they profit from risks big banks are no longer taking.
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By Phil Milford and Tiffany Kary, Bloomberg |
April 23, 2013
Jon Corzine, the former head of bankrupt broker MF Global Holdings Ltd., was sued by the holding company’s trustee, Louis J. Freeh, for failing in his duty to oversee the company and causing the eighth-biggest bankruptcy in U.S. history.
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By Andrew Harris, Bloomberg |
April 16, 2013
Former MF Global Inc. broker Evan Brent Dooley was sentenced to 5 years in prison for making unlawful unauthorized trades that caused the now-defunct futures firm to lose more than $141 million in 2008.
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By Tiffany Kary, Bloomberg |
April 11, 2013
MF Global Holdings Ltd.’s lawyers and advisers shouldn’t get all of the $13.7 million in fees they’ve requested, as their billing was vague, repetitive, or improper, the U.S. said.
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By Tiffany Kary, Bloomberg |
April 8, 2013
MF Global Holdings Ltd. won final approval of its plan to repay creditors, paving the way for the eighth-largest bankruptcy in U.S. history to wind down under court protection.
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By Tiffany Kary and Sophia Pearson, Bloomberg |
April 4, 2013
Former MF Global Holdings Ltd. Chairman and Chief Executive Officer Jon S. Corzine’s risky business strategies and mismanagement helped accelerate the futures brokerage’s demise, according to a report by bankruptcy trustee Louis Freeh.
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By Michael Hytha and Kit Chellel, Bloomberg |
March 20, 2013
A JPMorgan Chase & Co. unit reached a $100 million settlement with MF Global Inc. liquidators, paving the way for the return of money to creditors and clients of the failed brokerage.
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By Silla Brush, Bloomberg |
March 7, 2013
Futures brokerages say a proposed U.S. rule meant to protect customers’ money in a collapse like MF Global Holdings Ltd.’s bankruptcy may end up driving clients from the market and companies out of business.
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By Silla Brush |
February 16, 2013
Futures brokerages say a proposed U.S. rule meant to protect customers’ money in a collapse may end up driving clients from the market.
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By Linda Sandler and Karen Gullo, Bloomberg |
January 11, 2013
A group of MF Global Holdings Ltd. creditors proposed a liquidation plan that would pay as much as 41.5 cents on the dollar for unsecured claims after the company reached key settlements last month with affiliates.
