It's the scandal that keeps on giving.
A party associated with The MF Global Customer Coalition has sent a letter to Judge Glenn asking him to reverse the appointment of James Giddens as Trustee for the MF Global Bankruptcy case.
Apparently Mr. Giddens law firm's largest customers and his own clients in other matters are J.P. Morgan and Price Waterhouse.
J. P. Morgan at least has enjoyed a somewhat contentious relationship with the customers' interests so far. There is strong feeling that this represents a substanial conflict of interest, and has been carrying over into some of the statements and decisions that have been made by the trustee.
It will be interesting to see if the Judge concurs. I cannot determine the merits of this, obviously. But I could understand how customers might be concerned, especially given some of the more arbitrary actions of the past few weeks.
