MF Global Trustee’s Advance of General Estate Assets to Make Customers Whole May Speed Distributions to Introducing Brokers

The MF Global trustee has received court approval to advance more than $600 million of general estate assets to customers to allow 100% distributions to all customers.  As a result, introducing brokers with general unsecured claims may sooner receive partial interim distributions.  It is unclear whether the advance will result in introducing brokers ultimately receiving…...

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