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MF Global Customer Challenges Execs' Defense Coverage Bid

By Sindhu Sundar (May 2, 2012, 8:30 PM EDT) -- An MF Global Holdings Ltd. customer said Tuesday that allowing the collapsed brokerage's executives to access $120 million in professional liability coverage for legal defense costs would be an "improper waste," claiming the policies cover MF Global's liability to customers for its failure to safeguard their funds....

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