Home » Other Credit Card News » Factbox: Conoco, MF Global trustee dispute over payments
Factbox: Conoco, MF Global trustee dispute over payments
June 28th, 2012 Other Credit Card News
(Reuters) – MF Global Inc’s bankruptcy trustee is returning some money to former customers of the failed brokerage, and ConocoPhillips is disputing the way he has handled the oil company’s claim. Conoco backed its trades at MF Global with letters of credit and other forms of collateral. The trustee counted the full face value of the letters of credit as part of Conoco’s claim, and counted the return of the letters to Conoco toward the amount due to the oil company. …
Business News Headlines – Yahoo! News UK
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