Mf Global Customers to Get Long-Sought $520 Million
Reuters Hedgeworld › November 19, 2011
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Summary
NEW YORK (Reuters) - The trustee liquidating's broker-dealer unit won court permission to distribute $520 million of cash to customers, providing relief to customers whose accounts have been frozen since the futures brokerage went bankrupt.
U.S. Bankruptcy Judge Martin Glenn approved the payout at a hearing on Thursday [Nov. 17] in Manhattan.See the full content of this document
Extract
Mf Global Customers to Get Long-Sought $520 Million
Later on Thursday, the company announced J. Randy MacDonald, its global head of retail, was no longer employed.
The company said in a U.S. Securities and Exchange Commission filing that Mr. MacDonald had "ceased to be employed" and would not receive severance or termination payments. Mr. MacDonald was ...See the full content of this document
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