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MF Global to Return Some Customer Money
The trustee liquidating broker- dealer MF Global Inc. asked a judge to let him transfer about $520 million in collateral to commodity customers whose accounts consisted solely of cash on Oct. 31,
Updated: 11/16/2011 12:25P
Capitol View developer's bankruptcy trial on tap for January
The property remains in the court's custody while the case is pending. Dodd was promised more than $17 million in local, state and federal money to build the facility. He spent more than $8 million in public money before the project soured,
Updated: 11/16/2011 12:24P
MF Global Funds May Be Missing Because Someone Suffers From Text Anxiety
In the 2+ weeks since MF Global filed for bankruptcy protection, much has been written about Jon Corzine's penchant for making wild bets, which worked out fine while he was at Goldman Sachs, where risk managers are empowered to stand up
Updated: 11/16/2011 12:17P
L.A. Dodgers Sue Fox in Bankruptcy Court Over TV Contract
Fox Sports sent a letter that “constitutes a deliberate attempt by Fox to interfere with the ability of LAD and its advisers, including Blackstone Advisory, to sell LAD's assets,” the team said in papers filed today in US Bankruptcy Court in Wilmington
Updated: 11/16/2011 12:15P
Fannie Mae Stops New Referrals To Baum Law Firm
by MortgageOrb.com on Wednesday 16 November 2011 Fannie Mae has directed servicers to stop referring any new Fannie Mae foreclosure or bankruptcy files in New York to Steven J. Baum PC. Last week, Freddie Mac similarly booted the firm from its group of
Updated: 11/16/2011 12:15P
MF Global trustee seeks cash release
The process of freeing customer cash has been complicated by an estimated $600 million shortfall in the customer funds that MF Global was meant to hold separately from its own money. The late Tuesday filing from James Giddens, the court-appointed
Updated: 11/16/2011 12:12P
Italian PM Monti forms new government
Mario Monti replaced Silvio Berlusconi as Italy's prime minister on Wednesday and appointed himself finance minister at the head of a technocratic cabinet to rescue the eurozone heavyweight from bankruptcy. The former European commissioner said his new
Updated: 11/16/2011 12:11P
Tepper Snags MF Global Shares
MF Global Holdings listed assets of $41 billion against debts of $39.7 billion in its bankruptcy filing, and liquidators are reportedly trying to sell the company's lucrative Asian assets. Of course, one valuable asset of the estate will be potential
Updated: 11/16/2011 12:09P
Former NJ Treasurer, COO of MF Global takes pay cut as bankruptcy goes forward
Abelow served in the Corzine administration as New Jersey's Treasurer. MF Global, which was one of the biggest players in the derivatives market, filed for bankruptcy protection on Oct. 31 after making a disastrous bet on European debt. mf global
Updated: 11/16/2011 12:06P
Creditor proposal still in the works for Fanotech Enviro Inc.
Tomassoni sent notice on Oct. 27 through BDO Canada Ltd. that Fanotech Enviro had filed an official Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act. He reiterated that the notice only involves Fanotech Enviro Inc. of
Updated: 11/16/2011 12:01P
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