Paying It Forward: Lehman’s Impact On MF Global

Law360, New York (April 10, 2012, 3:13 PM EDT) -- The LBIE Client Money Judgment on the appeal from the Court of Appeal has been eagerly awaited by creditors and secondary claims trading market participants in order to give clarity to the funds available for the client money pool and to determine which clients will have the benefit of those funds.

The decision has implications for creditors of MF Global U.K. Limited and all clients of U.K. financial firms.


Lehman Brothers International (Europe) (“LBIE”) was the principal European trading company in the Lehman group and...
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