MF Global Customer Cash Gap Rises To $1.6B

Law360, New York (February 10, 2012, 5:20 PM EST) -- James W. Giddens, the trustee overseeing the liquidation of MF Global Inc., said Friday that commodity customers of the failed broker-dealer may now be missing as much as $1.6 billion, a large increase over previous estimates.

The revised number comes as Giddens and his team have made significant strides in their investigation, tallying customers' claims of how much they're still owed and comparing the sum to how much money Giddens has recovered so far.

He's also been able to more precisely calculate the number now that...
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