INTL FCStone 2012 Annual Report Download - page 41
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Please find page 41 of the 2012 INTL FCStone annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.INTL FCSTONE INC.Form10K 25
PART I
ITEM 4 Mine Safety Disclosures
prior to the ling of the Sentinel bankruptcy petition, as well as
avoidance of post-petition distributions and disallowance of the
proof of claim led by FCStone, LLC. e trustee seeks recovery
of pre- and post-petition transfers totaling approximately $15.5
million. In April 2009, the trustee led an amended complaint
adding a claim for unjust enrichment. FCStone, LLC answered
the complaints and all parties entered into the discovery phase of
the litigation. On January 21, 2011 the trustee led a motion for
summary judgment against FCStone, LLC on various counts in
the adversary proceedings led in August 2008 against FCStone,
LLC and a number of other FCMs. On January 13, 2012,
FCStone, LLC led a motion for summary judgmentin its favor
with respect tothe transferof approximately $1.1 million to
its customer segregated account on August 17, 2007, pursuant
to the “ safe harbor” provisions of Section 546(e) of the U.S.
Bankruptcy Code.On April 17, 2012, FCStone, LLC and all
other FCM Defendants led a motion to dismiss a portion of
the Trustee’s claims set forth in its amended complaint. e
trial of this matter took place during October 2012. Judgment
is expected during the rst calendar quarter of 2013.
ITEM 4 Mine Safety Disclosures
Not applicable.