New MF Global Trustee Vows 'Efficient' Ch. 11 Path

Law360, New York (November 30, 2011, 8:21 PM EST) -- MF Global Holdings Ltd.'s new Chapter 11 trustee, former FBI Director Louis J. Freeh, for the first time Wednesday addressed the New York bankruptcy judge overseeing the case, saying he would shepherd the company through bankruptcy “in the most efficient and effective way” possible.

Freeh told U.S. Bankruptcy Judge Martin Glenn that since the judge approved his appointment on Monday, he has had “very productive” meetings with the statutory creditors committee, attorneys for the debtors and James W. Giddens, who is the trustee liquidating subsidiary brokerage...
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