The two trustees for customers and creditors of MF Global Holdings Ltd. (MFGLQ) and its brokerage subsidiary can't decide between them who should prosecute lawsuits to recover the $1.6 billion in missing customer funds, as Bloomberg Law's Lee Pacchia and Bloomberg New bankruptcy columnist Bill Rochelle discuss on their podcast. Rochelle discusses the pros and cons regarding the $70 million settlement that the defunct law firm Dewey & LeBoeuf LLP is proposing with its former partners. Technically speaking, the pilots from American Airlines Inc. filed an appeal when there was nothing yet to appeal. The podcast ends with discussion of the newly-filed Chapter 11 petition by an Israeli-based company named Ampal-American Israel (AMPL) Corp. Rochelle lays out circumstances where the case is properly in the U.S. and when it might not be.
Running time 13:12