Nov 30

Ex- FBI chief pledges independence in MF Global case

The deal has met with criticism from at least one lawyer representing customers of MF’s commodities brokerage. Attorney James Koutoulas said the bank should not be entitled to any lien on property that could end up belonging to customers. Koutoulas on Wednesday voiced concern that his objection has been postponed with each extension of the deal, saying the terms of the agreement could leave open “the possibility that continues the very sovereign debt trades that caused the bankruptcy to begin with.”