By Kevin McCauley
APCO Worldwide is handling media for MF Global court-appointed trustee James Giddens, who is handling the distribution of assets to customers of the former investment firm of Jersey Senator/Governor Jon Corzine.
Financial media report today that the estimate of the amount of “missing assets” has doubled to $1.2B.
APCO executive VP and crisis pro Kent Jarrell is spokesperson for the trustee. He told O’Dwyer’s that APCO was “retained by the Trustee for the Liquidation of MF Global Inc. in the hours following the Trustee’s appointment by a federal judge in New York on Oct. 31.”
Jarrell, who served as lead on the Lehman Bros. liquidation, also handled media for Merck’s Vioxx litigation, WorldCom’s restructuring, Ford Motor’s battle with Firestone and Alaska Airlines’ plane crash probe.
On MF Global, Jarrell is supported by APCO staffers in New York and Washington, D.C.
Customer accounts of $5.5B were frozen in the aftermath of MF Global’s collapse.
Giddens, so far, has distributed $1.5B in collateral to customers and is returning $520M in cash. He remains committed to returning 100 percent of client money.
FTI Consulting was tapped by MFG in the wake of its high-profile bankruptcy filing this month. Corzine is relying on RLM Finsbury.
|