Kent Jarrell News
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The trustee liquidating the failed MF Global Inc. brokerage reached an agreement with the administrator of MF Global’s U.K. unit to resolve all claims between the entities.
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The transfer of MF Global Inc. commodities accounts to other brokers is “substantially” complete, a spokesman for the liquidator of the bankrupt broker- dealer said.
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The shortfall in MF Global Inc.’s U.S. segregated customer accounts may exceed $1.2 billion, more than double what was previously expected, said the trustee overseeing a liquidation of the failed brokerage.
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MF Global Inc. brokerage customers, who may be missing more than $1.2 billion from their accounts, won’t be allowed to form a committee to represent their interests in bankruptcy court, a judge ruled.
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The shortfall in MF Global Inc.’s U.S. segregated customer accounts may exceed $1.2 billion, more than double what was previously expected, said the trustee overseeing a liquidation of the failed brokerage.
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AT&T Inc.’s plan to buy T-Mobile USA Inc. was placed in further jeopardy after a federal judge agreed to consider a request by the U.S. to postpone or dismiss its lawsuit seeking to block the deal.
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The trustee liquidating broker- dealer MF Global Inc. will use “whatever legal means are available” to maximize the assets of the estate, his spokesman said.
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The trustee for Lehman Brothers Holdings Inc. ’s brokerage charged $12,600 to review documents outlining terms of its purchase by Barclays Plc , and now says he didn’t know what he was signing, according to a Barclays lawyer.
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The judge overseeing MF Global Inc.’s bankruptcy asked for changes in the agreements a trustee for customers has made about class-action lawsuits against Jon Corzine and other former company executives.
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Ted Monjure, a 48-year-old Manhattan trader who has $27,252 frozen in a former MF Global Inc. account, said he’s considering pulling his money out of his three other trading accounts.
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