Daily News: June 6, 2013

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:

WSJ: Corzine Sued Over Collapse, Wednesday, April 24, 2013