On November 4, 2011 KPMG Inc. was appointed Trustee (the “Trustee”) of the estate of MF Global Canada Co., a bankrupt, pursuant to an Order of the Ontario Superior Court of Justice (In Bankruptcy and Insolvency) (the “Court”).
Update December 10, 2013 – NOTICE OF PENDING LIQUIDATIONS
On December 9, 2013 the Trustee obtained approval of the Customer Pool Fund Re-allocation Order from the Court. A copy of this order has been posted to the KPMG Inc. creditor link website on December 9, 2013. Among other things, this order requires that any Unpaid Customers that intend to assert a Net Equity Claim against the Customer Pool shall notify the Trustee in writing of such Claim by January 31, 2014.
The Customer Pool Fund Re-allocation Order also sets out a process for the liquidation of any remaining securities transferred from MFGC to RBC DS pursuant the Account Transfer, Vesting and Approval Order of the Court dated November 14, 2011. Full details and definitions are available in the Trustee’s Seventh Report to the Court which has also been posted to the KPMG Inc. creditor link website.
In accordance with the Customer Pool Fund Re-allocation Order, the Trustee has posted the respective Notices, the Final Notice to Liquidation Customers of MF Global Canada Co. and the Final Notice to Unpaid Customers of MF Global Canada Co., to the website.