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.

  • CME says MF Global moved funds after audit, rang up $633-mil. shortfall
    both with respect to MF Global and more generally,” CME's release said. CME is working with the CFTC and a trustee of the Securities Investor Protection Corp., which protects investors' funds, to help move customer positions to other clearing houses ...
    10/21/2014 - 9:00 pm | View Link
  • Judge Approves Deal Between MF Global Trustee and CME
    A judge on Friday approved a deal between CME Group Inc. (>> CME Group Inc) and the trustee unwinding the brokerage of MF Global Holdings Ltd. (>> MF ... "Nothing in the release sections in Article IV of the Agreement provides for any release of tort ...
    10/7/2012 - 2:09 pm | View Link
  • 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 - 12:02 pm | View Link
  • CME agrees to turn over MF Global property
    WASHINGTON (Reuters) - CME Group Inc (CME.O) reached an agreement to return $175 million in MF Global Holdings Ltd MFGLQ.PK property, a trustee in the bankruptcy ... Some $16.5 million will remain with CME to deal with MF Global-related claims against ...
    06/14/2012 - 1:25 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
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