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
  • Dealing with Diplodia After the latest spate of wet, cool weather in parts of the Midwest, plant pathologists are urgin...
  • Year-Round Cow Kelly Smith believes fetal programming through good nutrition for dams yields better steers and h...
  • Russ' Vintage Iron DTN staff reporter Russ Quinn takes a look at farm life nearly a century ago.
  • Cash Will Be King Years of $6-and-up corn couldn't last forever. Some proactive grain farmers are bolstering their ...
  • CWA Rule Pressure The Pennsylvania Department of Environmental Protection has asked the federal EPA to withdraw the...
  • COOL Appeal Likely in 2015 Agriculture Secretary Tom Vilsack said the U.S. might not file an appeal of the country-of-origin...
  • Ask the Taxman by Andy Biebl Readers ask if they can offset futures losses against cattle income, roll hedges forward tax-free...
  • Ranch Hands Two families take different approaches to building income from trail rides, roundups and real-lif...
  • Ask the Vet Why isn't my flea and tick control for dogs working?
Related News Stories
Minding Ag's Business
Minding Ag's Business
View From the Cab
CME Earnings Rise 23%
Bunge Agribusiness Sales Fall 8.2%
Ag Interest Rate Snapshot
DTN Retail Fertilizer Trends
Minding Ag's Business
Minding Ag's Business
Ranch Hands