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By Tiffany Kary, Bloomberg |
April 24, 2012
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.
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By Tiffany Kary, Bloomberg |
April 19, 2012
A trustee for failed brokerage MF Global Inc. plans to pursue a lawsuit in the U.K. to recover $700 million in customer funds, according to a statement.
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By Tiffany Kary, Bloomberg |
April 12, 2012
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.
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By Tiffany Kary, Bloomberg |
April 11, 2012
A trustee for the MF Global Inc. brokerage, in response to customer objections to its plan to distribute to them another $685 million, said the distribution won’t force them to give up claims against unknown parties, or hold them to other undefined conditions.
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By Tiffany Kary, Bloomberg |
April 11, 2012
Jon Corzine and other former executives of MF Global Holdings Ltd., facing lawsuits over the company’s collapse, can use insurance funds to cover their defense costs.
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By Tiffany Kary, Bloomberg |
April 6, 2012
Creditors of MF Global Holdings Ltd. said its failed brokerage unit may have transferred $717 million in customer funds to eight institutions in October.
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By Tiffany Kary, Bloomberg |
April 6, 2012
The MF Global Inc. brokerage trustee is engaged in discussions with JPMorgan Chase & Co. about the bank’s activities in connection with MF Global, the trustee, James Giddens, said yesterday in a statement.
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By Tiffany Kary, Bloomberg |
April 2, 2012
MF Global Inc.’s plan to distribute $685 million drew criticism from the trustee for its parent and objections from the defunct brokerage’s customers.
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By Kit Chellel, Bloomberg |
March 28, 2012
About $1 billion of MF Global Holding Ltd. U.K. clients’ money remains locked away in other financial institutions five months after the brokerage’s collapse, administrators KPMG LLP said.
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By Tiffany Kary, Bloomberg |
March 19, 2012
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.
