NEWS
Corzine Appeal Could Hold Up Repayments
Wed Nov 20, 2013 02:27 PM CST

(Dow Jones) -- Lawyers for onetime MF Global Inc. Chief Executive Jon Corzine and his former top lieutenants are appealing a recent bankruptcy-court decision calling for the full repayment to the failed brokerage's customers, a move that a bankruptcy trustee said could delay his bid to pay back all of the money owed to the firm's U.S. and overseas commodity customers.

A representative for James Giddens, the official who is unwinding MF Global's brokerage, said the trustee is prepared to use "his best efforts" to bring those customer distributions up to 100% "but may now be blocked by a meritless ...

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