MF Global clients bash fat fees, seek quick wind-down
(Reuters) - The legal team winding down MF Global's bankruptcy estate, led by former FBI director Louis Freeh, has racked up nearly $25 million in estimated fees since its November 25 appointment. Now a customer group is planning to ask that the case be streamlined so that Freeh and his team receive less and customers receive more. On Friday, a coalition of former MF Global customers plans to argue in U.S. Bankruptcy Court in Manhattan that the Chapter 11 liquidation of the MF parent entity should be converted to a so-called Chapter 7, coalition leader James Koutoulas said on Wednesday. ...
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