NEWS
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
  • Crop Tech Corner In this week's Crop Tech Corner, a community of Arkansas farmers have successfully banded togethe...
  • Market News AgriClear is not an auction, but an online digital sales floor where buyers and sellers negotiate...
  • UAS Research Takes Off Key members of the House and Senate last week praised the Federal Aviation Administration for sel...
  • "Total Market Isn't Dead" Used equipment inventories are escalating.
  • Rain, Rain, Go Away Waterlogged and flooded fields in much of the Midwest are putting corn and soybean fields at risk...
  • Feds to Examine Biotech Rules In a memo to USDA, FDA and EPA, the White House stated that a review of biotech regulations was n...
  • Evolution of Farm Kid Jobs DTN Staff Reporter Russ Quinn reflects on the farm activities of his youth that his children will...
  • IARC: Possible 2,4-D Cancer Link The International Agency for Research on Cancer has classified the herbicide 2,4-D as possibly ca...
  • Ask the Vet How do I know what minerals my cows need and how much?
Related News Stories
Vermont Law on GE Food Stands
Trade Promotion Odds Seen as Good
West, Texas: 2 Years Later - 1
Egg Executives Sentenced