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MF Global Faces Opposition to Creditor Payment Plan

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MF Global Holdings Inc. is facing some last minute opposition to its creditor payback plan, one from an old adversary in the case and another from the federal bankruptcy watchdog, Dow Jones Daily Bankruptcy Review reported today. Sapere Wealth Management LLC, an MF Global creditor that lost in a bid to have its claims treated better in the case, is now fighting the way it's treated under the plan. U.S. Trustee Tracy Hope Davis also says that MF Global's proposal, if confirmed, will too broadly protect certain third parties from being investigated or sued later.