Investors: MF Global Defense Cost Cap Should Not Be Raised To $40 Million

Investors: MF Global Defense Cost Cap Should Not Be Raised To $40 Million

NEW YORK - The representatives of a class of customers who sued MF Global Inc. (MFGI), an affiliate of bankrupt MF Global Holdings Ltd. (MFGH), on Oct. 11 filed a brief arguing that the "soft cap" the bankruptcy court imposed on expenses should not be lifted to permit the payment of defense costs (In Re: MF Global Holdings Ltd., No. 11-15059, Chapter 11, S.D, N.Y. Bkcy.).

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