MF Global Trustee Reveals Clash Over UK Funds

Law360, New York (December 23, 2011, 1:07 PM EST) -- The trustee liquidating broker-dealer MF Global Inc. is trying to recover more than $600 million held in the coffers of the firm's U.K. subsidiary, he said Friday, revealing a transnational tug-of-war over money he says belongs to U.S. customers.

Lawyers for trustee James M. Giddens have said in court hearings that they were working with the administrators of foreign affiliates to try to get back as much money as they could and to reconcile the issues. Administrators for MF Global U.K. Ltd., from the firm KPMG...
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