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MF Global trustee says brokerage customers may get all frozen funds

AP
February 5, 2013, 12:14 am TWN

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NEW YORK--Former brokerage customers of MF Global could fully recover cash that was frozen when the trading firm collapsed, according to the bankruptcy trustee handling the case.

The projection is based on the latest analysis of recoverable assets available in MF Global's bankruptcy, versus pending claims, the trustee, former FBI Director Louis Freeh, said in a court filing Saturday.

The report outlines a potential range of recovery for brokerage customers, depending on various scenarios, from a shortfall of US$6 million to a surplus of US$120 million. Those figures are based on calculations that recoverable assets range from about US$6.857 billion to US$6.983 billion, versus claims of US$6.863 billion.

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