NEW YORK, March 25- Unsecured creditors of MF Global Holdings' failed brokerage unit may soon receive $461 million in repayment, raising recoveries to 72 percent of claims lodged when it collapsed in 2011, the firm's trustee said on Wednesday. Trustee James Giddens filed court papers seeking a New York bankruptcy judge's approval for the payout.
TRENTON, N.J.— Reacting to the state's proposed $225 million settlement with Exxon Mobil, New Jersey lawmakers Thursday advanced measures requiring that more money from environmental settlements be used for cleanup and extending the time the public has to comment before it is approved. Democrats and environmental groups say the state accepted pennies on...
WASHINGTON, Dec 24- The U.S. Commodity Futures Trading Commission said on Wednesday it had fined MF Global Holdings Ltd for wrongdoing during the collapse of the futures brokerage, but will continue its lawsuit against the firm's former chief, Jon Corzine. A federal judge in Manhattan approved a settlement in which the company will pay a $100 million fine and be...
Dec 12- Seven underwriters of the failed MF Global Holdings Ltd reached a partial settlement with investors, who had filed a lawsuit in 2011 seeking to hold them and some of the brokerage's executives, including its CEO, responsible for its collapse. The underwriters cited in the settlement are Citigroup, Deutsche Bank, Goldman Sachs, J.P. Morgan, Merrill Lynch,...
NEW YORK, Oct 30- A large group of creditors of MF Global Holdings Ltd's bankrupt brokerage unit will soon receive their first payout, as $518.7 million of checks start to be mailed out on Friday, the third anniversary of the company's Chapter 11 filing. James Giddens, the trustee liquidating the MF Global Inc brokerage unit, on Thursday said the payout to unsecured...
Nearly 26,500 former customers of MF Global Holdings' bankrupt brokerage will recoup all $6.7 billion they are owed, its trustee said.
A judge ordered MF Global to return more than $1 billion to harmed customers and pay an additional $100 million penalty as part of a civil settlement.
Former MF Global CEO Jon Corzine lost his bid to dismiss a lawsuit seeking to hold him, colleagues and other banks accountable for the firm's demise.
The move, approved by a bankruptcy court judge, will repay MF Global customers by reallocating funds initially earmarked for non-customer unsecured creditors.
Two years ago MF Global blew up taking down $1.6 billion of customer money. In this "Santelli Exchange Extra," CNBC's Rick Santelli talks with James Koutoulas, the man who successfully led the battle to reclaim those lost funds.
David Meister is planning to step down as head of CFTC enforcement, even as big battles against financial titans have yet to play out.
CNBC's Kate Kelly offers details of the lawsuit against Former MF Global CEO Jon Corzine, and former executive Edith O'Brien; and CFTC Commissioner Bart Chilton, wants to ensure customers that the government is looking out for them.
In a 4-count suit, the CFTC has charged former MF Global CEO Jon Corzine and former MF Global executive Edith O'Brien, reports CNBC's Kate Kelly.
CNBC's Kate Kelly reports the charges against Jon Corzine will include a failure to supervise, and the charges against the firm include a misuse of funds. Kayla Tausche and John Carney discuss.
Federal regulators are expected to file civil charges against former MF Global chief Jon Corzine for his role in the collapse of the firm, reports CNBC's Kayla Tausche. Thomas Curran, Peckar & Abramson, and Andrew Stoltmann, Stoltmann Law Offices, discuss the case.
The CFTC is looking to sue Jon Corzine for the collape of MF Global and the firm's misuse of customer funds, reports CNBC's Kayla Tausche.
Jon Corzine, the former chief executive of MF Global Holdings, was sued by the trustee for the futures and commodities brokerage, who accused him of contributing to the company's October 2011 bankruptcy.
A bankruptcy trustee is suing Jon Corzine and other former MF Global executives, claiming gross negligent led to the brokerage firm's collapse, reports CNBC's Kayla Tausche.
THe NFA met yesterday to consider a lifetime ban of Jon Corzine from the futures industry. James Koutoulas, Typhon Capital Management, discusses with CNBC's Rick Santelli.
Former customers of Jon Corzine's collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company.