Liquidation

Lawyers for the committee representing MF Global Holdings Ltd.’s unsecured creditors and another group of nearly 200 MF Global customers dubbed the commodity customer coalition have filed papers with the U.S. Bankruptcy Court in New York listing the names of their members and what they’re owed from the holding company. Notable among the committee members is Paul Singer’s Elliott Management Corp., which has an unsecured claim against MF Global of $74 million.

Lehman Brothers Holdings Inc. is asking a bankruptcy judge to slash at least $35 billion from what some of Wall Street’s biggest banks claim they are still owed from the investment bank over losses tied to residential mortgage loans that Lehman packaged and sold to investors at the height of the housing bubble. Read the Daily Bankruptcy Review article here.