Topic: MF Global

Corporate Bankruptcy Law: Latest Need-to-Know from JD Supra

[Link: Bill on Bankruptcy: Who’s to Blame for the Hostess Liquidation? – Bloomberg Law] The impending dissolution of Hostess Brands – maker of Twinkies, Ho Hos, and Wonder Bread – has captured headlines over the past few weeks. But Hostess’s story isn’t the only bankruptcy law news of relevance to Corporate America. For your reference:… Read more »

MF Global Bankruptcy: Latest Commentary and Analysis

“The trustee liquidating broker- dealer MF Global Inc. said distributions of collateral in customers’ accounts are ‘dependent upon assets available and there is no assurance of a 100 percent return.’ The trustee, James Giddens, got court permission yesterday to transfer $520 million in assets to about 23,300 accounts. While planning a third transfer to include… Read more »

MF Global Bankruptcy: Updated Commentary and Analysis

“Regulators hunting for about $600 million in customer money that went missing shortly before MF Global Holdings Ltd. collapsed said they are being stymied by the poor condition of the securities firm’s records. ‘Their books are a disaster,’ Scott O’Malia, a commissioner at the Commodity Futures Trading Commission, one of the regulators leading a hunt… Read more »