Judge OKs $90M Deal In MF Global Investor Class Action

Law360, New York (November 18, 2011, 7:14 PM EST) -- A New York federal judge on Friday signed off on a $90 million cash settlement that a unit of MF Global Holdings Ltd. had reached in an investor class action over its 2007 initial public offering long before the company filed for bankruptcy Oct. 31.

U.S. District Judge Victor Marrero approved the deal, as well as payment of 18 percent of the settlement fund — or $16.2 million — to the three law firms representing plaintiffs to cover their fees. He also awarded plaintiffs lawyers nearly...
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