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MF Global Cases Focus on ‘Letters’

Thousands of former MF Global Holdings Ltd. MFGLQ -5.08% customers still don’t have a chunk of their money more than a year after the brokerage firm’s collapse. But some of its big clients largely avoided similar losses, thanks to arrangements struck with the firm before its demise. These clients include energy-trading heavyweights ConocoPhillips COP +0.08% and Koch Industries Inc. They are now battling in court against a trustee who says they owe him funds. More in the Wall Street Journal here.

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