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

MF Global Brokerage May Have Moved Customer Funds, Creditors Say
MF Global Holdings Ltd. signage is displayed at 60 East 53rd Street in New York, in 2011. Photographer: Stephen Yang/Bloomberg

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.

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