MF Global Parent Can Restrict Some Information, Judge Says
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MF Global Holdings Ltd. won permission to implement rules that will restrict the sharing of confidential information while sharing some other information from Oct. 17 to Oct. 31 about its failed brokerage.
U.S. Bankruptcy Judge Martin Glenn approved rules proposed by Louis Freeh, the trustee acting for the parent’s estate and its creditors, according to court papers filed today in Manhattan. The first proposal, which limits how a committee of creditors will share information with customers, drew objections from customers who questioned JPMorgan Chase & Co.’s role in deciding whether they can access information about missing customer funds.