-
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.
-
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.
-
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.
-
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.
-
By Andrew Harris, Bloomberg |
March 20, 2013
Peregrine Financial Group Inc.’s Chapter 7 trustee won court approval to create three classes of firm commodity customers, a ruling that he said may lead to full repayment for one class of account holders.
-
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.
-
By Linda Sandler, Bloomberg |
February 26, 2013
Lehman Brothers Holdings Inc., which has been fighting affiliates over who owes what to whom since 2008, said its defunct brokerage will allow it to claim about $16.3 billion as a result of a settlement.
-
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.
-
By Linda Sandler |
December 27, 2012
Lehman, which is due to make a third payment to creditors in March, had $5.6 billion in free cash on Nov. 30, an increase of $1.1 billion during the month.
-
By Beth Jinks, Bloomberg |
December 19, 2012
A group including Apple Inc., Google Inc. and Research In Motion Ltd. agreed to buy patents from bankrupt Eastman Kodak Co. for about $525 million, gaining digital-imaging technology to capture and share pictures.
