Latest MF Global payback plan goes before judge
(Reuters) – The trustee liquidating MF Global’s brokerage will ask a bankruptcy court on Thursday to release $685 million to former MF Global customers, a plan already introduced in court filings that has been criticized as neglecting affiliates of the failed firm. Trustee James Giddens is responsible for recovering as much money as possible for customers, but his plan stands to be criticized by Louis Freeh, the trustee managing the assets of MF Global’s parent company. . . .
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