No, all true as I post here. "On Thursday, a bankruptcy court will review a proposal that would return 93 percent of the missing money to customers like Mr. Desai. And the trustee who has submitted the proposal, James W. Giddens, has quietly identified a way that, if sent to the judge and approved, could plug the remaining shortfall for customers in the United States, according to people involved in the case."... "The broad push to make MF Global customers nearly whole, a goal now surprisingly within reach, is a remarkable turnaround from the firmís 2011 bankruptcy filing when such a recovery seemed impossible."..."The hearing on Thursday presents a turning point for several major players in the MF Global case, including the firmís trustees, creditors and former executives.<quoted text>
Perp walk for Corzine.
For one, Mr. Giddens late last year made peace with an overseas administrator tending to the firmís British unit and Louis J. Freeh, the MF Global trustee recovering money for creditors. The pact ended a bitter fight over access to limited resources.
And Jon S. Corzine, the former New Jersey governor who headed MF Global when it collapsed, can now claim some small degree of vindication. The European bonds at the center of a $6.3 billion bet by Mr. Corzine fully paid out when they matured in recent months."