Senators Urge MF Global Trustee To Scrap Exec Bonuses

Law360, New York (March 15, 2012, 7:46 PM EDT) -- A Senate committee that has investigated missing MF Global Holdings Ltd. customer funds told MF Global's bankruptcy trustee on Thursday that it was outraged by reports that he planned to ask for court approval to pay bonuses to executives of the bankrupt firm.

All 21 members of the Senate Committee on Agriculture, Nutrition and Forestry signed onto the bipartisan letter written by Chairwoman Sen. Debbie Stabenow, D-Mich., urging trustee Louis Freeh to abandon any plans to award bonuses to executives, including two who testified before the...
To view the full article, register now.