MF Global SIPA Trustee, Broker Agree To Drop Their Claims To $20M Letter Of Credit

MF Global SIPA Trustee, Broker Agree To Drop Their Claims To $20M Letter Of Credit

NEW YORK - The liquidating trustee for the Securities Investor Protection Act (SIPA) litigation against bankrupt MF Global Inc. (MFGI) and a commodities broker on Feb. 14 stipulated to the dismissal of a lawsuit filed by the broker contesting the trustee's attempt to recover $20 million he said the broker owed the bankruptcy estate (Koch Supply & Trading LP v. James W. Giddens $(In Re: MF Global Inc.$), No. 11-2790, Adv. No. 12-05596, Chapter 11, S.D. N.Y. Bkcy.).

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