MF Global Inc.’s former customers should get “significantly” increased distributions in coming months, and the goal is still 100 percent recoveries, the failed brokerage’s trustee said. Customers who traded on…
Last week, CFTC and MF Global Inc. agreed to a settlement whereby MF Global Inc. would pay restitution to its former commodity customers to bring them to a 100% return…
Jon S. Corzine, the former New Jersey Governor and Goldman Sachs Group Inc. co-chairman, probably will be sued by the Commodity Futures Trading Commission for his role in the collapse…
Collapsed brokerage MF Global Holdings Ltd on Tuesday effectively ended its bankruptcy, saying court-appointed trustee Louis Freeh will step down and hand the estate's remaining wind-down duties to a new…
Many IBs have general unsecured claims in the MF Global Inc. SIPA liquidation. As demonstrated by the recent sale of a large general unsecured claim at 90% of the claim…
A number of settlements between three MF Global administrators and JP Morgan Chase has opened the door for substantial distributions to be made to former commodity customers of the US…
Courtesy The Wall Street Journal Jon S. Corzine, the former New Jersey governor who revved up risky trading as chief executive at MF Global Holdings Ltd., deserves much of the…
J.P. Morgan Chase & Co. has reached a settlement that will return an estimated $546 million to MF Global Holdings Ltd. customers, likely bringing an end to a major chapter…
Source: CFTC Consumer Outreach/March 2013 In this month’s Consumer Outreach Update the CFTC highlights a new section of the web site that provides information and resources on the most frequently…
On January 31, 2013, the judge presiding over the MF Global, Inc. (“MFGI”) bankruptcy approved a settlement between MFGI and its UK affiliate and also green-lighted further distributions. The trustee…
