MF Global Plan Under Fire By Sapere Wealth, US Trustee

Law360, New York (March 25, 2013, 8:45 PM EDT) -- MF Global Holdings Ltd.’s Chapter 11 liquidation plan was the target of two attacks Monday, as Sapere Wealth Management LLC and the U.S. Trustee’s office took issue with its classification of commodities customers’ claims and “overly broad” third-party releases, respectively.

Sapere argued again that MF Global, which is scheduled for a plan confirmation hearing April 5, is unlawfully denying former commodities customers of its broker-dealer unit MF Global Inc. priority status for their claims. The investment company previously lodged these allegations in February in an effort...
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