FARM BUSINESS NEWS
US Trustee Objects to MFG Plan
Fri Feb 8, 2013 03:02 PM CST

(Dow Jones) -- A federal bankruptcy watchdog is objecting to the liquidation plan for MF Global's holding company, claiming the hedge funds behind the proposal haven't explained the benefits they are receiving from the plan.

U.S. Trustee Tracy Hope Davis said Thursday in court papers that MF Global Holdings Ltd.'s (MFGLQ) plan outline doesn't explain why fees and expenses of the firms--led by Silver Point Capital LP, Cyrus Capital Partners LP and Knighthead Capital Management LLC--should be paid by the bankruptcy estate.

Ms. Davis, the Justice Department official who patrols the bankruptcy-court system, also took issue with a provision of ...

Quick View
Related News Stories
Ag Interest Rate Snapshot
Minding Ag's Business
Minding Ag's Business
DTN Ag Summit
View From the Cab
China May Import More Non-GMO Beans
Canada Committed to KXL
Minding Ag's Business
Rookies at Risk - 2
Klinefelter: By the Numbers