MF Global Clients Face Claims Process To Recover Cash

Law360, New York (November 8, 2011, 7:47 PM EST) -- All MF Global Holdings Ltd. customers seeking to recover money from the bankrupt broker-dealer will have to do so through a claims process, a spokesman for the company's trustee told Law360 on Tuesday.

“We fully expect that both the commodity and security customers of MF Global Inc. will end up going through a claims procedure,” spokesman Kent Jarrell said. “We are working on developing that procedure now and will submit it in the next few weeks to the court for approval.”

Jarrell also noted that liquidation...
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