MF Global UK Clients To See Quick Return Of $1B

Law360, New York (January 5, 2012, 2:13 PM EST) -- The administrator of failed derivatives broker-dealer MF Global Holdings Ltd.'s U.K. arm on Thursday said U.K. clients can expect to see the return of up to $1.1 billion as early as January, just days before a battle between the customers and the administrator, KPMG LLP, is set to begin.

"We hope to commence the return of client assets and an interim distribution of monies as early as this month," said Richard Heis, the joint special administrator.

Heis said KPMG had secured about 82 percent of MF...
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