Bankruptcy Judge Martin Glenn said yesterday that he was prepared to allow the trustee unwinding MF Global's broker-dealer to join forces with some of the company's former customers who have sued ex-Chief Executive Jon Corzine and other insiders, Reuters reported yesterday. Judge Glenn said that he will make his decision official when the trustee, James Giddens, files court papers outlining the details of the cooperative effort. The filing will reflect language changes requested by Judge Glenn, particularly over concerns about how proceeds of the class actions would be allocated among MF creditors. Judge Glenn ordered the plan's language updated to address objections by the defendants in the class actions, and by Louis Freeh, the trustee liquidating MF Global's parent entity.
