Correction: MF Global-Bankruptcy story

AP News
Posted: Nov 30, 2011 4:32 PM
Correction: MF Global-Bankruptcy story

The Associated Press reported erroneously in stories Nov. 21 and Nov. 25 that the release of $520 million in cash from accounts frozen in the liquidation of brokerage firm MF Global Inc. would mean that nearly all assets under the bankruptcy trustee's control have been distributed.

Both stories mentioned another $1.5 billion the trustee already had disbursed and also should have mentioned at least another $1 billion that the trustee had previously announced he planned to return to customers. On Tuesday, the trustee asked for court approval to return that money, which he said now totaled $2.1 billion, to customers.

Shut Up, They Explain
John Stossel

In all, nearly $4.1 billion is set to be distributed.