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Wednesday, June 5, 2013

MF Global moves into liquidation.

 MF Global Holdings' (MFGLQ.PK) trustee, Louis Freeh, yesterday stepped down and gave the job of liquidating the firm to a three-member board. While the move was approved in April, it could only go into effect when certain conditions were met, with one being that the estate would have enough money to pay its liabilities. Customers at MF Global's brokerage are expected to receive a full pay out.

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