2nd Circ. Nixes MF Global Customers' Bid For Ch. 11 Priority

Law360, New York (December 06, 2013, 6:38 PM ET) -- The Second Circuit rejected on Friday a bid by Sapere Wealth Management LLC to overturn a ruling that MF Global Inc. commodity customers could not jump ahead of other creditors in the MF Global Holdings Ltd. Chapter 11 proceedings.

A three-judge panel upheld a New York federal court’s October 2012 ruling shutting down Sapere’s bid for reconsideration of U.S. Bankruptcy Judge Martin Glenn’s February 2012 order, which disallowed commodity customers getting paid before all other Chapter 11 creditors. The district court had dismissed the appeal for...
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Case Information

Case Title

MF Global Holdings Ltd.


Case Number

1:11-bk-15059

Court

New York Southern

Nature of Suit

Date Filed

October 31, 2011


Case Title

In Re: MF Global Holdings LTD.


Case Number

12-4254

Court

Appellate - 2nd Circuit

Nature of Suit

3422 STATUTES-Bkrup Appeals 801

Date Filed

October 23, 2012

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