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
  • Prepping for a Pest USDA has released a new set of pest response guidelines for Helicoverpa armigera, the voracious g...
  • Racing the Clock For Brian Marshall, the clock starts the minute a new calf hits the ground. Within the first four...
  • Hay Baling Safety Important Looking at it as a sporting event, mid-July is the halftime of the hay baling season in most of t...
  • Study Your Farm Bill Options Feeding the world population won't be as hard as expected over the next decade some experts forec...
  • Weathering the Drought Parts of the panhandle and western Oklahoma are still considered as being in extreme or exception...
  • Clearing the Air EPA Administrator Gina McCarthy told a group of agribusiness representatives that her agency want...
  • Klinefelter: By the Numbers Peak prices since 2007 didn't slow megafarm consolidation. Mid-size operators may need to collabo...
  • Corn's Hidden Highways Scientists are rewriting the route to better hybrids.
  • Ask the Vet Before implanting heifers that will be bred, consult with a veterinarian to be sure fertility won...
Related News Stories
Minding Ag's Business
Minding Ag's Business
Bunge Profits Soar on Strong Ag Sales
Ag Interest Rate Snapshot
Check and Certify
Klinefelter: By the Numbers
Minding Ag's Business
Minding Ag's Business
Senior Partners - 3