MF Global "Corporate Personhood" Case: Motion for Appeal Filed

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The Furgatch Motion asserts that because the U.S. Supreme Court has ruled that corporations are to be treated as "persons", then the "parent" corporate person, MF Global Holdings, by definition, must have a "child" corporate person, MF Global, Inc., the subsidiary brokerage whose 35,000 customers are still missing at least $1.6 billion in what was universally believed to be secured, segregated funds.  The motion then cites specific statutes in the Bankruptcy Code that mandate that a child's support claims shall have super-priority status over all other unsecured creditors, including financial institutions such as JP Morgan Chase Bank.