MF Global Trustee Seeks $2B More In Customer Payouts

Law360, New York (November 29, 2011, 8:47 PM EST) -- The trustee overseeing the liquidation of MF Global Inc. sought permission from a New York bankruptcy court Tuesday to disburse up to an additional $2.1 billion in assets to former commodity customers of the failed brokerage who were left out of previous transfers.

Lawyers for liquidating trustee James W. Giddens filed an expedited motion to distribute the money in what would be a third bulk transfer of assets and would bring up the total amount of assets handed back to customers to $4.1 billion.

The third...
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