Relevant:
- MF Global Trustee Sees $1.6 Billion Customer Shortfall
- J.P. Morgan Settlement Marks ‘Significant Milestone' for MF Global Customers
- Sources: MF Global Customer Money Likely Gone For Good
- U.S. judges OK JPMorgan $546 million settlement with MF Global trustee, customers
- Sentinel ruling may hurt MF Global clients
2012-01-26 — bloomberg.com
``KPMG was forced to set aside funds pending the resolution of the dispute, which means it can't return the majority of money it has recovered to customers, people with knowledge of the matter said. It wants the $700 million to be treated as an unsecured claim, which would be paid after clients get reimbursed from the customer money pool.''
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.