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

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