MF Global could distribute more than $480m to its unsecured creditors, bringing their recoveries to about 74% of what they are owed by the collapsed brokerage, the US Bankruptcy Court in Manhattan ruled on Wednesday.
PressDigest
US court ruling clears decks for fresh payout to MF Global creditors
MF Global could distribute more than $480m to its unsecured creditors, bringing their recoveries to about 74% of what they are owed by the collapsed brokerage, the US Bankruptcy Court in Manhattan ruled on Wednesday.
