$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.

Related

Sections

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

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.