$520M Released To Some Ex-MF Global Customers

Law360, New York (November 17, 2011, 2:06 PM EST) -- Thousands of former customers of bankrupt broker-dealer MF Global Inc. could begin getting back cash within a week after a New York bankruptcy judge agreed Thursday to let the liquidating trustee release about $520 million in funds that had been frozen.

U.S. Bankruptcy Judge Martin Glenn granted an emergency motion by James W. Giddens, the trustee liquidating the broker-dealer under the Securities Investor Protection Act, to return 60 percent of the $869 million belonging in about 23,300 customer accounts that contained only cash and cash equivalents...
To view the full article, register now.