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Claims Against MF Global May Rise Above $3 Billion

“(Reuters) – MF Global Holdings Ltd could have more than $3 billion in claims against its former affiliates, Louis Freeh, the trustee overseeing the wind-down of the parent company of the collapsed broker-dealer, said in his first status report.

The potential recoveries for the parent company’s creditors will come primarily from such claims, Freeh said in his 119-page report that was submitted to the bankruptcy court.”

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