Mealey's Bankruptcy - Federal Judge: MF Global Trustee May Administer Assets To Investors

NEW YORK - A federal judge in New York on April 21 denied the objections of principals of bankrupt MF Global Inc. (MFGI) pertaining to the distribution of funds to individual investment customers and concluded that the trustee for MFGI under the Securities Investor Protection Act (SIPA) could administer the money (PricewaterhouseCoopers v. James B. Giddens [In Re: MF Global Inc.], No. 13-8893, Chapter 11, S.D. N.Y.).

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