Thursday, June 14, 2012

MF Global trustee, CME reach deal to return $130 million

From the NY Post: The trustee for bankrupt MF Global reached an agreement Thursday with CME Group to get more than $130 million in property held by the derivatives marketplace firm.
The trustee is seeking bankruptcy court approval for the deal.

New York-based MF Global filed for bankruptcy Oct. 31 last year after disclosing exposure to derivatives and other investments related to billions of dollars in European sovereign debt, leading to $1.6 billion in missing customer funds.

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