Skip to main content

So Did Anyone Lose Any Money At MF Global?

  • Author:
  • Updated:

Oh sure, obviously, the answer is yes, everyone. But Jon Corzine would like it to be noted that, eventually, it all came back and then some.

The bulk of the money is earmarked for unsecured creditors, who would receive a first distribution of about 20% of what Mr. Giddens has agreed to pay….

"From the beginning, we have worked aggressively and diligently to pay customers 100% and marshal assets for distributions to the general estate, which were two goals that many thought would not be possible," Mr. Giddens said. "Both goals have now been achieved, and I am satisfied that we are positioned to make these distributions."

MF Global Seeks Permission to Repay Creditors [WSJ]