MF Global Wants To Cap Claims By Corzine, Other Ex-Execs

Law360, Los Angeles (June 6, 2014, 10:34 PM EDT) -- MF Global Holdings Ltd. on Thursday asked a New York bankruptcy judge to cancel or cap certain claims by former officers, including Jon Corzine, who have been targeted in litigation related to the brokerage's collapse, in order to allow MF Global's bankruptcy plan administrator to make payments to other creditors.

Lawyers for the administrator asked U.S. Bankruptcy Judge Martin Glenn to disallow certain indemnification claims by ex-MF Global officers, or to subordinate them to claims by other creditors. In addition, the administrator is seeking to cap...
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Case Information

Case Title

MF Global Holdings Ltd.


Case Number

1:11-bk-15059

Court

New York Southern

Nature of Suit

Date Filed

October 31, 2011

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