Nov 15

MF Global may get more time to use JPMorgan cash

JPMorgan received a lien on some MF assets in return for letting MF Global use the $8 million in cash collateral now being used by the company in bankruptcy. That drew the ire of some commodities customers who say JPMorgan was not entitled to any lien that would pay it back before customers. A group called the Commodity Customer Coalition, led by attorney and Typhon Capital Management CEO James Koutoulas, objected to the lien in court papers on Monday.