Tuesday, December 27, 2011

MF Global trustee has no conflict of interest: judge

photo(Reuters) - The trustee liquidating MF Global's brokerage does not have a conflict of interest stemming from prior work done for one of MF Global's key lenders, a bankruptcy judge said on Tuesday. Trustee James Giddens and his law firm, Hughes Hubbard & Reed, are sufficiently "disinterested," Judge Martin Glenn said in a ruling in U.S. Bankruptcy Court in Manhattan. The ruling came in response to accusations from some customers that past work done by the firm for JPMorgan Chase & Co , one of MF Global's main lenders, constituted a conflict of interest. ...


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