March 25, 2015
The trustee winding down MF Global Inc. sought court approval on Wednesday to return $461 million to unsecured creditors of the failed broker-dealer and boost the recovery rate on their allowed claims to almost three-quarters.
November 24, 2014
Executives of bankrupt MF Global Inc. asked a New York bankruptcy judge Friday to give them access to an additional $7.5 million worth of errors and omissions insurance coverage for legal bills from lawsuits connected to their involvement in the company's downfall.
October 01, 2014
A New York federal judge on Wednesday approved MF Global Inc.'s bid to pay about $295 million to unsecured creditors, three years after the failed brokerage's parent filed for bankruptcy protection.
September 04, 2014
A New York bankruptcy judge on Thursday allowed former MF Global Holdings Ltd. executives to access more than $200 million in directors and officers insurance policy proceeds to defend civil litigation over the firm's collapse, ruling that the proceeds are not property of the debtors' estates.
August 21, 2014
A New York bankruptcy judge on Thursday upped by $15 million the amount of directors and officers insurance that former top MF Global Holdings Ltd. executives can tap, a stopgap measure pending a decision on whether they control more than $200 million in disputed policy proceeds.
June 19, 2014
MF Global Holdings Ltd.'s lawsuit seeking to recover $20 million in dividends from J.C. Flowers & Co. and other investors will proceed after a judge rejected the private equity firm's efforts to dismiss the case on Thursday.
June 06, 2014
MF Global Holdings Ltd. on Thursday asked a New York bankruptcy judge to cancel or cap certain claims by former officers, including Jon Corzine, who have been targeted in litigation related to the brokerage's collapse, in order to allow MF Global's bankruptcy plan administrator to make payments to other creditors.
May 19, 2014
Former MF Global Inc. executives including Jon Corzine on Monday received court approval to access an additional $10 million in insurance proceeds to defend themselves against litigation related to the brokerage's collapse, despite the judge's annoyance at the "staggering" amount that has already been spent.
April 30, 2014
Fourteen former MF Global Inc. executives on Tuesday renewed their bid for an extra $10 million in insurance proceeds to pay for their defense against claims related to the brokerage's downfall, telling a bankruptcy judge that the need for the additional funds is "urgent."
December 06, 2013
The Second Circuit rejected on Friday a bid by Sapere Wealth Management LLC to overturn a ruling that MF Global Inc. commodity customers could not jump ahead of other creditors in the MF Global Holdings Ltd. Chapter 11 proceedings.