MF Global Trustee Reveals Clash Over UK Funds

Law360, New York (December 23, 2011, 1:07 PM EST) -- The trustee liquidating broker-dealer MF Global Inc. is trying to recover more than $600 million held in the coffers of the firm's U.K. subsidiary, he said Friday, revealing a transnational tug-of-war over money he says belongs to U.S. customers.

Lawyers for trustee James M. Giddens have said in court hearings that they were working with the administrators of foreign affiliates to try to get back as much money as they could and to reconcile the issues. Administrators for MF Global U.K. Ltd., from the firm KPMG...
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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

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Companies

Government Agencies

UK Financial Services

UK Financial Services

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