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.

BING NEWS:
  • 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 Strikes MF Global Deal
    The trustee unwinding the brokerage of MF Global Holdings Ltd. struck a deal with CME Group Inc. CME 0.19 % that will see the futures-exchange operator turn over about $130 million in property that will go to former customers of the collapsed firm.
    06/14/2012 - 8:40 am | View Link
  • Latest MF Global payback plan goes before judge
    The trustee liquidating MF Global's brokerage will ask a bankruptcy court on Thursday to release $685 million to former MF Global ... estimate of a $1.6 billion shortfall when futures exchange CME Group Inc has ballparked the gap at not being higher ...
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  • MF Global fiasco makes case for better client protection
    The MF Global collapse has prompted the government to at least acknowledge the issue with the release of a consultation ... The futures exchange CME Group in the US has guaranteed $US550 million to the bankruptcy trustee of MF Global to increase the ...
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    James Koutoulas is CEO of Typhon Capital Management and recently founded the Commodity Customer Coalition (CCC), comprised of over 7000 customers of MF Global ... reasonable. The trustee has sped up this recovery process. The CME has gone part of the ...
    11/17/2011 - 12:22 pm | View Link
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