Sentence examples for global liquidation from inspiring English sources
In his recent report, James Giddens, the MF Global liquidation trustee, showed the difference between the amount the firm had to segregate using the net liquidating method and the more lenient alternative method.
WALL STREET JOURNAL Judge Approves MF Global Liquidation Plan | Judge Martin Glenn of the United States Bankruptcy Court cleared the way on Friday for the defunct brokerage firm MF Global to sell its remaining assets and return money to creditors.
DealBook » Judge Approves MF Global Liquidation Plan | Judge Martin Glenn of the United States Bankruptcy Court on Friday cleared the way for the defunct brokerage firm to sell its remaining assets and return money to creditors.
On the MF Global liquidation and bankruptcy, he said, "During the Bankruptcy Week, the counterparties, clearing banks, and CCPs all grabbed as much margin as possible, straining MF Global's liquidity.
This week, MF Global's liquidation trustee, James W. Giddens, went a long way toward solving the mystery in a 181-page account of MF Global's decline and fall.
James Giddens, the trustee overseeing MF Global's liquidation, told the Senate Banking Committee on Tuesday that he has now accounted for the $1.6 billion in customer funds that went missing following the brokerage firm's collapse, adding that his analysis "is substantially concluded," CNNMoney reports.
DealBook » MF Global Creditors File Liquidation Proposal | Unsecured creditors of MF Global, led by Silver Point Capital, Knighthead Capital and Cyrus Capital Partners, filed a proposal on Thursday that they say could pay back former customers of the brokerage firm in full, Reuters reports.
On Monday, the court-appointed trustee overseeing the liquidation of MF Global estimated that the shortfall could now exceed $1.2 billion.
The remainder of the money was turned over to the trustee overseeing the liquidation of MF Global's brokerage unit.
Kent Jarrell, a spokesman for the trustee overseeing the liquidation of MF Global's brokerage unit, said that the trustee "has not made a determination about customer cash that went through" Depository Trust.
The court-appointed trustee overseeing the liquidation of MF Global's broker-dealer unit laid off 1,066 employees on Friday, keeping only a skeleton staff to assist in the dissolution of the business.
