MF Global Brokerage Creditors In Line For Nearly Full RecoveryMani
A judge in MF Global’s bankruptcy on Wednesday set the stage for nearly 100% recoveries for creditors, an outcome considered unthinkable when the firm collapsed less than four years ago.
Judge Martin Glenn of U.S. Bankruptcy Court in Manhattan, who approved the sale of MF Global’s brokerage litigation to its parent said the measure marked a “significant accomplishment” in the case.
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