MF Global Inc. Trustee Begins Processing General Creditor Claims

Many IBs have general creditor claims in the SIPA liquidation of MF Global Inc. based on commissions due to the IBs as shown on October 2011 commission runs. The deadline for filing such general claims was June 2, and the trustee reported in August that he has received $22.8 billion in total general creditor claims. The trustee’s attorneys and professionals have begun processing these general creditor claims, according to an interim report filed by the trustee on October 5. The court entered an order approving processes for the trustee to object to and settle certain general creditor claims, including through…

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