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MF Global Seeks Judge's Consent to $90 Million Accord
11 (Bloomberg) -- MF Global Holdings Ltd. asked a bankruptcy judge to allow it to participate in a $90 million settlement of a lawsuit over a 2008 wheat-trading loss incurred at the company's commodity brokerage. MF Global and other defendants won
Updated: 11/11/2011 04:57P
Another Harrisburg meeting with no answers after Mayor walks out
The city can pass a recovery plan, the state can take over or bankruptcy can be approved. All the indications lead to the first not happening. In a statement released Friday, Mayor Thompson said, "My administration put a plan on the table last evening
Updated: 11/11/2011 04:54P
MF Global Bondholders May Get as Little as 10%
According to Fitch Ratings, MF Global Holdings Ltd.'s bondholders may recover as little as 10 cents on the dollar in the company's bankruptcy recently filed. Owners of the failed broker's senior unsecured debt will get back between 10% and 30% of the
Updated: 11/11/2011 04:44P
Washington County, Johnson City schools offerings classes on financial
Year after year Tennessee ranks in the top for bankruptcy filings, but with new high school graduation requirements, politicians hope to change the statistic. In both 2007 and 2008, Tennessee ranked number one out of all the states based on per capita
Updated: 11/11/2011 04:41P
MF Global lets go entire work force
James Giddens, the court-appointed trustee for the liquidation of MF Global, said in a statement that the company is dismissing workers in accordance with a bankruptcy court mandate. Between 150 and 200 former employees are being hired to assist with
Updated: 11/11/2011 04:40P
900 jobs lost at MF Global
MF Global's bankruptcy trustee announced on Friday that about 900 of the collapsed broker-dealer's staff in New York and Chicago would be made redundant immediately as the company is wound down. You need JavaScript active
Updated: 11/11/2011 04:39P
MF Global fires brokerage staff en masse
How the final blow was delivered upset many staff -- with some learning by email and others through news on the television. "Fifteen years and no severance!" shouted one angry MF Global employee as he left the firm's offices on 5th Avenue in Manhattan
Updated: 11/11/2011 04:39P
MF Global Parent to Settle $1.1 Billion Class-Action Suit Brought in 2008
MF Global Holdings Ltd. asked a bankruptcy judge to allow it to participate in a $90 million settlement of a lawsuit over a 2008 wheat-trading loss incurred at the company's commodity
Updated: 11/11/2011 04:37P
Judge: Potential investors in bankrupt Mexican airline threatened
Mexico City, Nov 11, 2011 (EFE via COMTEX) -- The judge overseeing Mexicana de Aviacion's bankruptcy proceedings said Friday that potential investors in the grounded Mexican airline told him they had received threats. "They came to me, to my office,
Updated: 11/11/2011 04:32P
CME to put up $250 million to aid MF Global recovery
This unprecedented guarantee offered by CME Group would be used by the Trustee in the event that a final accounting determines that the Trustee distributed more property than was permitted by the Bankruptcy Code and CFTC regulations.
Updated: 11/11/2011 04:30P
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