MF Global Disputes With Brokerage to ‘Heat Up,’ Lawyer Says
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MF Global Holdings Ltd.’s disputes with its brokerage unit will “heat up” in coming months as arguments over $2.3 billion in claims proceed, lawyer Brett Miller told U.S. Bankruptcy Judge Martin Glenn in Manhattan court today.
Separately, the brokerage unit announced in a statement today that under an agreement with CME Group, the brokerage’s exchange, another $130 million will be recovered for customers.