MF Global Trustee Wants 2nd Trustee's Claims Reassigned

Law360, New York (September 4, 2012, 2:14 PM EDT) -- MF Global Inc. liquidation trustee James W. Giddens urged a New York bankruptcy court on Monday to reassign some claims by MF Global Holdings Ltd.'s Chapter 11 trustee to the defunct broker's former customers, saying it would save money and benefit both creditors and clients.

Giddens asked the court again to approve an agreement that would reassign some claims against former MF Global directors and officers to customer representatives who launched putative class actions over the firm’s downfall, and would allow Giddens and the representatives to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.