A judge approves the appointment of a bankruptcy trustee for MF Global (MFGLQ.PK), meaning...

|About: MF Global Holdings Ltd. (MFGLQ)|By:, SA News Editor

A judge approves the appointment of a bankruptcy trustee for MF Global (MFGLQ.PK), meaning current management will no longer be in control of what remains of the company. Though no one has yet been charged with wrongdoing, a trustee's appointment is sometimes a signal company executives are suspected of illegal activity.