Conoco fights MF Global trustee over $93.5 million

ConocoPhillips (COP.N) and MF Global Inc’s bankruptcy trustee are squaring off in a $93.5 million dispute that illustrates how hard it is to divvy up the assets of the failed brokerage, a Reuters analysis of a court filing shows. On Friday last week, the oil company — a longstanding MF Global (MFGLQ.PK) customer — filed an objection to the trustee’s treatment of its claim, calling his approach “flawed” and saying Conoco had not received the bulk of the distributions from its MF Global accounts to which it was entitled. More on Reuters here.

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