I imagine that ultimately whether or not anyone at MF Global will have any legal troubles will depend on just
who they stole from.
While MF Global began what could be a complicated process of liquidating customer positions, some customers were upset and panicked that millions of dollars were tied up, according to interviews with brokers, funds and lawyers.
Some said they expected lawsuits. Meanwhile, MF Global's first bankruptcy hearing got underway Monday afternoon at the U.S. Bankruptcy Court in Manhattan.
"We're basically putting out fires. There's a lot of headaches," said one MF Global employee. "Our customers are upset, and we're upset that they are upset."
