HOTLINE: A year on from MF Global and closure still a long way off

One year on from the calamitous collapse of MF Global, creditors to its UK subsidiary are still a long way from a settlement, as they heard in London on Wednesday October 31.

There are major roadblocks on the route to a settlement, in the form of two lawsuits currently going through the courts. The first of these concerns a dispute over about $350 million in assets that MF Global Inc’s trustee is trying to claim back from MF Global UK, as KPMG’s joint special administrator Mike Pink told attendees at the Institute of Directors. KPMG expects...

Published

November 02, 2012

13:10 GMT

London