The trustee liquidating the brokerage unit of MF Global Holdings Ltd has asked a federal bankruptcy judge for permission to return remaining funds to commodity trader customers affected by the firm’s 2011 collapse. Wednesday’s request by court-appointed trustee James Giddens would reallocate some money earmarked for general unsecured creditors to customers of the brokerage, who have a higher-priority payback status. The move could bring closure to customers who have waited nearly two years to fully recover their money, which became tied up when MF Global went bankrupt on Oct. 31, 2011. More on Reuters here.
