MF Global Trustee Steps Down in Bankruptcy Exit
Reuters reported that brokerage firm MF Global Holdings “effectively ended its bankruptcy.” According to the article, the firm said its court-appointed trustee Louis Freeh is set to step down and hand over what is left of the company to be wound down to a new three-member board.
The article noted that Freeh said in a statement: “With the plan approved and a new board in place, I am confident the liquidation process can be effectively administered to the satisfaction of the creditors.”
To read the entire Reuters story, click here.
Previously on abfjournal.com: