MF Global Legal Costs Soar
Mon Jun 3, 2013 01:05 PM CDT

(Dow Jones) -- The legal bills for former leaders of MF Global Holdings Ltd. are nearing $30 million, court papers say, and bankruptcy trustees have agreed to add another $10 million to the defense fund.

Chapter 11 trustee Louis J. Freeh and James W. Giddens, the trustee unwinding the brokerage's affairs in a special securities liquidation proceeding, filed papers Friday asking a bankruptcy judge to let sued leaders tap as much as $40 million of the failed brokerage's insurance coverage to pay the lawyers defending them.

Judge Martin Glenn last year authorized MF Global's executives to send up to $30 ...

Quick View
  • Is Your Burndown Working? A cool, wet spring and the spread of herbicide-resistant weeds mean farmers should take the extra...
  • Gains on Covers It took Jerry Doan several years and a lot of trials, but the North Dakota beef producer has lear...
  • Side-by-Sides and Cool Helmets Side-by-side manufactures continue to roll out new machines and machine updates. Here are two more.
  • Stress Test for Borrowers Farm finances rate an "A" now, but economists debate if that's good enough to handle a major corr...
  • Senators Question EPA A group of U.S. senators Wednesday told President Barack Obama that his administration has not fo...
  • Climate Work Ahead at USDA Ag Secretary Tom Vilsack spoke about GOP complaints regarding the Obama administration's work wit...
  • Full-Circle Farming Bill Couser sees farming as a full circle. If it comes off the farm, it can go back into the farm.
  • Making the Grade What if corn isn't cheap the next five years? Fickle price projections can sway farm bill choices.
  • Ask the Vet What's my best bet for fly control?
Related News Stories
House, Senate Move on CFTC
Dust Explosions Need More Oversight
Senators Question EPA
Clean Water Rule Announced
Landowners File Lawsuit Over Floods
Export Grain Sale, Cancellation
Rural Lawmakers Want to be Heard
High Court Looks at EPA's Power
Neb. Law on Keystone Struck Down
Taxlink by Andy Biebl