The U.S. Bankruptcy Court in New York has confirmed that it will hold a hearing at 11:00 a.m. on Thursday, November 17th, to hear a petition filed by James Giddens, Trustee for the liquidation of MF Global, seeking an expedited transfer of funds to customers. In other developments, Senate Agriculture Committee Chairman Debbie Stabenow (D-Mich.) has asked the Commodity Futures Trading Commission to speed up its MF Global investigation and CFTC Commissioner Scott O'Malia has requested his agency work with the SIPC trustee to ensure an expedited claims process and transfer of customer funds.
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