Former Federal Bureau of Investigation Director Louis J. Freeh wants a $1 million fee for success securing creditor recoveries in the bankruptcy wind-down of MF Global Holdings Ltd., the failed commodities firm led by former New Jersey Gov. Jon S. Corzine. In a filing Monday with U.S. Bankruptcy Court in Manhattan, lawyers for Mr. Freeh said he brought “instant credibility” when he was assigned to serve as the firm’s Chapter 11 trustee in Nov. 2011, shortly after the firm collapsed under the weight of its large bets on European debt. Mr. Freeh’s lawyers asked for the $1 million in addition to the more than $20 million billed by Mr. Freeh and his legal teams for their hourly work on the case. Mr. Freeh’s hourly rate is $900. More in the Wall Street Journal here.
