The former customers of MF Global, Inc. (MFGI) can expect another round of distributions, resulting in a recovery for 4d customers of approximately 94–96 percent and for 30.7 customers of approximately 60–84 percent.
USA, Insolvency & Restructuring, Litigation, ArentFox Schiff, Clearing house (finance), JPMorgan Chase
In a decision issued on June 26, 2008, the Sixth Circuit Court of Appeals held that the earmarking doctrine does not provide a refuge for late-perfecting secured creditors and thus does not shield the creditor from preference exposure in a subsequently filed bankruptcy case.Lee v. Shapiro.
USA, Insolvency & Restructuring, Litigation, Bricker & Eckler LLP, Bankruptcy, Debtor, Mortgage loan, Refinancing, JPMorgan Chase, US Code, Sixth Circuit