MF Global Comes Out Swinging At 1st Bankruptcy Hearing

Law360, New York (October 31, 2011, 6:23 PM EDT) -- Floundering financial firm MF Global Holdings Ltd. has not, contrary to press reports, misplaced hundreds of millions of dollars in customer money, a lawyer for the firm said Tuesday at the company's initial Chapter 11 hearing.

“To the best knowledge of management there are no shortfalls, your honor. All funds are accounted for,” Skadden Arps Slate Meagher & Flom LLP’s Ken Ziman said in the first court hearing since MF Global, one of the world's most important broker-dealers, filed for bankruptcy Monday. Press reports had indicated...
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