Koch Unit, MF Global Trustee Drop Fight Over $20M Claim

Law360, New York (February 14, 2013, 10:34 PM EST) -- Koch Supply & Trading LP and MF Global Inc.'s liquidating trustee buried the hatchet in their dispute over an expired $20 million letter of credit meant for the now-bankrupt brokerage, according to a stipulation filed Thursday in New York federal court.

James W. Giddens, the appointed liquidating trustee, asserted that the $20 million draft was an asset of the defunct firm's estate while KS&T countered it was a dead letter, not a live debt, and the issue had been hotly contested before the sudden detente....
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