Expedited Motion of James W. Giddens, Trustee for the Liquidation of MF Global Inc.
The trustee in the MF Global, Inc. insolvency is seeking authority to return a 60% distribution to former MF Global customers that had only cash in their accounts as of the commencement of the bankruptcy proceeding on Oct. 31, 2011. Such "Cash-Only Customers" represent approximately 21,000 customers with a total of over $869 million in cash.
Cross References: CEA Section 4d; CFTC Rule 190.06(e)(iv)