MF Global Trustee Says 'Majority' Of $105B Transfers Traced

Law360, New York (February 6, 2012, 9:45 PM EST) -- The trustee overseeing the liquidation of failed broker-dealer MF Global Inc. said Monday that he has traced “a majority” of the more than $105 billion total that was transferred in and out of commodity customers' accounts in the firm's frenzied final days.

Liquidating trustee James W. Giddens filed a long-awaited report with preliminary results of his investigation into the collapse of the broker-dealer and the disappearance of $1.2 billion in customers' assets, which he says are still presumed missing.

“For three months our investigative team has...
To view the full article, register now.

Documents

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.