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November 1, 2011

Consultancies and Law Firms caught by MF Global

JP & Deutsche are easily at the top of the list, but the next big loser is Headstrong, an Indian based consultancy and IT shop:

http://www.businessinsider.com/who-are-the-mf-global-creditors-2011-10

Consultancies coming in at
  • Number 6, Headstrong, in for $4m – big ouch
  • Number 9, Caplin, $427k
  • Number 12, PwC, $312k
And law firms, who you would hope could find a way to get their money back ;-)
  • Number 8, Sullivan & Cromwell, $600k
  • Number 10: Wachtell, $388k
  • Number 11, ISDAs favourite, LinkLaters, $348k
Lets hope we all avoid this ourselves.

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