Mf Global Trustee In Deal With Cme To Release $130 Million

The trustee unwinding the brokerage of MF Global Holdings Ltd. struck a deal with CME Group Inc. that will see the futures-exchange operator turn over about $130 million in property that will go to former customers of the collapsed firm.

  • Judge OKs $175M MF Global Inc., CME Settlement
    Law360, New York (August 10, 2012, 6:02 PM ET) -- The judge overseeing the bankruptcies of MF Global ... CME to the SIPA Trustee’s claims resolution process." Judge Glenn also said Hamann failed to support his objection with adequate facts regarding the ...
    08/10/2012 - 11:02 am | View Link
  • CME agrees to turn over MF Global property
    CME Group Inc reached an agreement to return $175 million in MF Global Holdings Ltd property, a trustee in the bankruptcy of the failed ... Some $16.5 million will remain with CME to deal with MF Global-related claims against it and the rest of the money ...
    06/14/2012 - 1:00 pm | View Link
  • CME Strikes MF Global Deal
    That figure depends on total claims and recovery efforts, according to the trustee's spokesman. Under terms of the agreement struck Thursday, CME's own claims will have a lower priority of payment than MF Global's former customers'. "This agreement ...
    06/14/2012 - 9:40 am | View Link
  • CME, MF Global trustee reach deal to release $130 mln
    Futures market operator CME Group Inc. (NYSE:CME) and the trustee unwinding brokerage firm MF Global Thursday struck a deal that will see $130 million go to former customers of the collapsed firm. Under terms of the agreement struck Thursday, CME's own ...
    06/14/2012 - 6:58 am | View Link
  • MF Global Trustee to Return $685 Million to Customers
    Freeh cited an estimate from the CME Group Inc. that the missing funds total $500 million to $600 million. CME, the world’s largest futures exchange, had auditing authority over the failed brokerage. MF Global ... the trustee might require a release ...
    03/30/2012 - 8:13 pm | View Link
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