MF Global Inc.’s trustee should be forced to account for expenses he has racked up liquidating the commodity brokerage, said a creditor that claims the case has cost more than $263 million in professional fees, Bloomberg News reported yesterday. Winding down MF Global has been proportionately more expensive than Lehman Brothers Inc.’s more complex liquidation, Knighthead Capital Management LLC said in papers filed yesterday in U.S. Bankruptcy Court in Manhattan. Knighthead said total fees for MF Global Inc. have reached $263.2 million, including attorney fees of $55.9 million. The fund seeks a Feb. 13 court hearing to demand more information about costs from James Giddens, the trustee who oversaw the liquidations of both MF Global Inc. and Lehman Brothers Inc. under the Securities Investor Protection Act.
