MF Global Parent Accrues $28.4 Million in Professional Fees
MF Global Holdings Ltd. (MFGLQ), the bankrupt parent of the brokerage, accrued $28.4 million in professional fees through May 31, including $13.4 million charged by trustee Louis Freeh and his firm, according to a U.S. Bankruptcy Court filing in Manhattan.
The company had $18.9 million in funds available from JPMorgan Chase & Co. (JPM) on April 30, and spent a total of $1.6 million in May from that and other sources, it said in the June 15 filing.
To contact the reporter on this story: Linda Sandler in New York at firstname.lastname@example.org
To contact the editor responsible for this story: Andrew Dunn at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.