Nov 16

MF steps ‘nefarious or illegal’: regulator

The New York Post
James Koutoulas, the lawyer for the 7,000 MF clients, known as the Commodity Customer Coalition, criticized the move, saying it will subject clients to months or even years of clawback actions. Koutoulas wants his MF clients to be first in line to be repaid in MF’s rancorous Chapter 11. Currently, JP Morgan Chase is the top creditor.