MF Global Joint Special Administrators Announce $1.4 Billion Global Settlement Agreement
International law firm Weil, Gotshal & Manges LLP today announced that a $1.4 billion global settlement agreement has been reached between Richard Heis, Mike Pink and Richard Fleming, the Joint Special Administrators of MF Global UK Limited, and James W. Giddens, Trustee for the SIPA liquidation of MF Global Inc.
The global settlement agreement will benefit all clients and creditors of MF Global UK Limited, MF Global Inc. and MF Global Holdings Limited by providing certainty for the respective officeholders, avoiding the time and monetary cost of litigation, and allowing distributions to be made more quickly.
Read the full article here.
More from the Weil European Restructuring Blog
This website is maintained by Weil, Gotshal & Manges LLP in New York, NY © 2020 Weil, Gotshal & Manges LLP, All Rights Reserved. The contents of this website may contain attorney advertising under the laws of various states. Quotation with attribution is permitted. This publication is provided for general information purposes only and is not intended to cover every aspect of the purpose for the law. The information in this publication does not constitute the legal or other professional advice of Weil London or the authors. The views expressed in this publication reflect those of the authors and are not necessarily the views of Weil London or of its clients. These materials may contain attorney advertising. Prior results do not guarantee a similar outcome.