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MF Global

MF Global Trustee Makes Customers Whole

MF Global Inc. customers will be fully repaid, announced the trustee James Giddens on Thursday. The firm, at the time headed by former New Jersey Governor Jon Corzine, collapsed in 2011 after massive risky bets on European debt. As part of the collapse, and immediate bankruptcy, it was discover that money was missing from more 26,000 securities and commodities futures customer accounts. The trustee said a total of $6.7 billion will be returned to customers making their accounts whole. Distributions will start on Friday.Copyright © 2014 MarketWatch, Inc....

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  1. MF Global customers sue PricewaterhouseCoopers in amended lawsuit

    Former customers of MF Global Holdings Ltd's broker-dealer have added accounting firm PricewaterhouseCoopers LLP as a defendant in a lawsuit stemming from the collap...

  2. Did MF Global Steal My Family's Money?

    Growing up on a small dairy farm in west Michigan, the bankruptcy of a New York brokerage firm wasn't something that I thought would affect my family. All that chang...

  3. JPMorgan, MF Global Trustee Reach Agreement

    JPMorgan Chase & Co (NYSE:JPM) has reached a $546 million settlement with the trustee liquidating the failed broker-dealer unit of MF Global Holdings , a court filin...

  4. Judge dismisses MF Global employee lawsuit

    A judge on Tuesday dismissed claims MF Global's trustees fired employees without proper notice but left the door open for former employees to file an amended complai...

  5. MF Global payout plan approved for creditor vote

    A bankruptcy judge on Tuesday approved the outline of a plan by liquidators and creditors of failed brokerage MF Global to repay the company's creditors, a key step ...

  6. MF Global trustee announces settlement deals key to cash payouts

    The trustee for the failed MF Global Inc on Saturday announced two key agreements that are expected to accelerate cash payouts to clients and creditors of the failed...

  7. JPMorgan resolves gripe over MF Global payout plan

    MF Global and its creditors have resolved a dispute with JPMorgan Chase & Co over the value of intercompany claims within the bankrupt brokerage's estate, eliminatin...

  8. Gasparino on MF Global Trustee Report

    FBN's Charlie Gasparino on MF Global's trustee report pointing to compliance and control failures.

  9. Lost, then found? Official says missing MF Global money located

    It took a while, but investigators say they've tracked down the $1.6 billion in customer funds that disappeared from MF Global following the firm's collapse. Getting...

  10. Congress panel blames Corzine for MF Global fall

    Poor management decisions by MF Global former CEO Jon Corzine triggered the brokerage firm's collapse, while lax protections for customer funds contributed to the lo...

  11. U.S. Congress panel blames Corzine for MF Global fall

    Poor management decisions by MF Global former CEO Jon Corzine triggered the brokerage firm's collapse, while lax protections for customer funds contributed to the lo...

  12. House Republicans Expected to Call for Independent Counsel to Investigate MF Global Failure

    A Republican member of the House Financial Services Committee is circulating a letter in Congress that calls for the appointment of an independent counsel to investi...

  1. Ex-MF Global Chief Corzine's Son Dies: Reports

    The 31-year-old son of Jon Corzine, the former New Jersey governor and ex-chief executive of now-collapsed commodity-trading firm MF Global, has killed himself, acco...

  2. PwC Gets Sued for $1B over MF Global Collapse

    The administrator of MF Global Holdings Ltd's bankruptcy plan on Friday sued PricewaterhouseCoopers for at least $1 billion, accusing the auditor of professional mal...

  3. Federal Judge Orders MF Global To Pay $1 Billion To Customers

    MF Global, the bankrupt brokerage firm led by former New Jersey Governor Jon Corzine, has been ordered by regulators to pay $1.2 billion in restitution to its custom...

  4. MF Global sues banks for restricting competition in CDS

    MF Global has sued 12 large banks, accusing them of restricting competition in the $25 trillion credit default swap market, the latest in a string of lawsuits allegi...

  5. MF Global customers to seek subpoenas for Corzine, others

    A group of former MF Global customers says it plans to seek court permission to subpoena the commodities broker's executives, including former CEO Jon Corzine, who w...

  6. MF Global Trustee Sees Possible Claims Against Corzine

    The trustee liquidating MF Global Holdings Ltd broker-dealer said on Monday he sees possible civil claims against former Chief Executive Jon Corzine and other top ex...

  7. MF Global judge nixes customer group's bid to depose Corzine

    A bankruptcy judge on Tuesday rejected a bid by former MF Global customers to depose the collapsed brokerage's former chief Jon Corzine.In a written ruling in U.S. B...

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