MF Global Customer Can't Block Execs From $30M Coverage

Law360, New York (April 30, 2012, 9:59 PM EDT) -- A New York federal judge on Monday denied a bid by MF Global Holdings Ltd. customer Sapere Wealth Management LLC to temporarily prevent MF Global executives from accessing up to $30 million in insurance coverage for legal defense in lawsuits stemming from the broker-dealer's collapse.

U.S. Bankruptcy Judge Martin Glenn rejected Sapere’s argument that its rights to the insurance funds outweigh those of the executives insured under the policies. He also denied Sapere’s request for a temporary stay while it appeals his April 10 decision allowing...
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