MF Global trustee addresses concerns about distributions

04/11/2012 | Bloomberg

James Giddens, the trustee for the MF Global brokerage, says the plan to distribute another $685 million to customers will not hinder their ability to make claims against third parties, other than those specifically noted in the agreement. The distribution deal also will not hold the customers to other undefined conditions, according to the trustee. Giddens also rejected allegations by MF Global Holdings' creditors that he has failed to help with an analysis of books and records.

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