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MF Trustee Calls for Litigation in U.K. to Recover $700 Million

The MF Global trustee called for litigation in the U.K. to recover about $700 million of customer property, according to an e-mailed statement.

There is a dispute as to whether the customer property that is the subject of the trustee’s client claim was or should have been segregated under English law, according to the statement.

To contact the editor responsible for this story: Greg Chang at gchang1@bloomberg.net

Enlarge image MF Trustee Calls for Litigation in U.K.

MF Trustee Calls for Litigation in U.K.

MF Trustee Calls for Litigation in U.K.

Stephen Yang/Bloomberg

MF Global Holdings Ltd. signage is displayed at 60 East 53rd Street in New York, in 2011.

MF Global Holdings Ltd. signage is displayed at 60 East 53rd Street in New York, in 2011. Photographer: Stephen Yang/Bloomberg

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