Wednesday, 20 August 2014
Last updated 46 min ago
Jun 6 2013 | 10:37am ET
Former Federal Bureau of Investigation Director Louis Freeh's work as bankruptcy trustee for MF Global Holdings is done.
Freeh formally ended his role in the collapsed futures brokerage's liquidation on Tuesday, transferring his responsibilities to a new three-person board of directors. Control over outstanding lawsuits—including against former MF Global CEO Jon Corzine—was transferred to a litigation trust.
Freeh's exit comes after a deal with MF Global's hedge fund creditors, which was approved by a bankruptcy court in April, and agreements last year with two other bankruptcy administrators.
"I am confident the liquidation process can be effectively administered to the satisfaction of creditors," Freeh said.
MF Global collapsed in October 2011 after more than $1 billion in customer money went missing.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note