MF Global Trustee Steps Down in Bankruptcy Exit

Reuters reported that brokerage firm MF Global effectively ended its bankruptcy when, according to the article, the firm’s court-appointed trustee Louis Freeh will step down and hand over wind-down duties to a new three-member board.

WSJ: Corzine Sued Over Collapse

The WSJ reported that the leadership of MF Global Holdings, former executive Jon S. Corzine and two of his top lieutenants, is to blame for the brokerage firm’s demise.

MF Global Seeks Approval to Liquidate Assets

Reuters reported that MF Global Holdings will seek court approval of a plan to liquidate its assets and repay creditors.

JPMorgan, Others to Amend MF Global Liquidation Plan

JPMorgan and the creditor co-proponents of the MF Global Holdings amended Joint Plan of Liquidation have reached an agreement to modify the Plan to resolve JPMorgan’s objections.