Louis Freeh, the trustee for bankrupt securities firm MF Global Holdings Ltd., called for settlement talks with other bankruptcy administrators in the U.S. and U.K. amid a clash over how to recover money for the company's customers and creditors, the Wall Street Journal reported today. The proposal was made by Freeh in a court filing yesterday that also outlined his opposition to a plan by a separate trustee, James Giddens, to join several plaintiff lawsuits against former MF Global officials. The move by Freeh comes one month after he submitted congressional testimony projecting that the various estates had enough money to pay back customers.
