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MF Global Commodity Customers Seek to Form Official Panel

MF Global Inc.’s commodity customers seek to form an official committee in the liquidation of the failed brokerage to recover more than $600 million missing from the $5.4 billion in their accounts. Five customers said in papers filed today in U.S. Bankruptcy Court in Manhattan that they want to steer an ad-hoc group of 66 commodity customers and have the committee’s fees reimbursed by the estate. The trustee assigned to oversee the brokerage’s liquidation has experience with securities broker liquidations, not commodity liquidations, the group said. Read Bloomberg Businessweek report here.

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