MF Global Segregated Accounts Should Get Priority: Sapere

Law360, New York (December 5, 2011, 8:18 PM EST) -- MF Global Holdings Ltd. should give priority status in its bankruptcy to segregated-account customers of brokerage unit MF Global Inc., which is in Securities Investor Protection Act liquidation, Sapere Wealth Management LLC argued Monday in New York bankruptcy court.

Sapere, along with Granite Asset Management and Sapere CTA Fund LP, say the case should be administered under such terms in order to ensure that claimant priority is correctly administered in a variety of future decisions in the case.

“This motion affects the overall administration of the...
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