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MF Global Seeks Approval of Liquidation Plan

April 1, 2013

[ by Melanie Gretchen ]

MF Global Holdings Ltd. has an appointment on Friday, 4/5, with U.S. Bankruptcy Judge Martin Glenn in Manhattan, at which time it will ask for the court's approval of the holding company's plan of liquidation. 

U.S. Trustee Tracy Hope Davis, and others, object to the plan on the presumed basis that it wrongly shields parties from being sued and does not recognize a $3 billion business tort claim.   [Reuters, 4/5/13]

To contact Melanie Gretchen: melanie@compliance-insights.com.