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MF Global Holdings Says More Units Move Toward Bankruptcy

MF Global Holdings Inc. won permission to have three more units join it in Chapter 11 bankruptcy, as a lawyer said more units are likely to file for protection from creditors next year.
MF Global Capital LLC, MF Global Market Services LLC and MF Global FX Clear LLC can consolidate their cases with that of the parent company, U.S. Bankruptcy Judge Martin Glenn in Manhattan said today. The units sought protection Dec. 19 after a decision by the Chapter 11 trustee, Louis Freeh.
Read Bloomberg Businessweek report here.

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