Ex-MF Global Clients Say JPMorgan Wants Unfair Leg Up

Law360, New York (November 14, 2011, 9:47 PM EST) -- Former clients of MF Global Holdings Ltd. urged a New York bankruptcy judge Monday not to put JPMorgan Chase Bank NA, the company's biggest lender, ahead of them in line to recover cash from the estate of the bankrupt broker-dealer.

"People are mad, and with good reason," said James L. Koutoulas, a Chicago lawyer and commodity trading adviser who manages the Typhon Capital Management hedge fund and filed an objection on behalf of the Commodity Customer Coalition, a newly formed group seeking to represent MF Global's...
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