Foreign MF Global Units Want Changes To $2B Payout

Law360, New York (December 6, 2011, 7:41 PM EST) -- A pair of foreign units of MF Global Holdings Ltd. on Monday said the trustee overseeing the failed derivative brokerage's liquidation should prove there are adequate reserves to cover the firm's international clients before engaging in a third round of payouts to customers.

In separate motions filed in New York bankruptcy court, MF Global United Kingdom Ltd. and MF Global Hong Kong Ltd. both said that they do not object to the proposed $2.1 billion disbursement to primarily U.S.-based clients of MF Global Inc., the firm's...
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