Insurers Can Proceed With MF Global Appeal Over $141M Loss

Law360, New York (January 10, 2013, 4:10 PM EST) -- Great American Insurance Co., Liberty Mutual Insurance Co. and several other insurers can appeal part of a decision surrounding a $141 million claim coverage action launched against MF Global Holdings Ltd. before the brokerage filed for bankruptcy, a judge ruled Thursday.

Though U.S. Bankruptcy Judge Martin Glenn signed off on a lift of the automatic stay in MF Global’s bankruptcy proceedings to allow the appeal to proceed, he declined to lift the stay so that remaining matters in the underlying New York Supreme Court action could...
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