Tuesday, November 22, 2011

A Spurious Motion on Behalf of the MF Global Trustee

Submitted by Andrew Abraham of MyInvestorsPlace.com

The court received a motion today by lawyers of Hughes Hubbard and Reed, opposing an official commodity customer and broker committee.
In a strangely constructed argument, attorneys for the Trustee open with that within “Within hours of his appointment on October 31, 2011, and against a backdrop of shortfalls in segregated funds and records that are far from wholly reliable, the Trustee moved and has already affected the transfer of

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