No Ruling Yet On $175M MF Global Inc., CME Settlement

Law360, New York (August 8, 2012, 1:24 PM EDT) -- The New York bankruptcy judge overseeing the bankruptcies of MF Global Holdings Ltd. and broker-dealer unit MF Global Inc. declined to rule Wednesday on a $175 million settlement between MFGI's trustee and CME Group Inc., $130 million of which would go to commodities customers.

U.S. Bankruptcy Judge Martin Glenn said he would take under submission MFGI's motion for approval of the settlement, which has garnered just one objection since being reached June 14 and has support from a group of commodities customers, the U.S. Commodity Futures...
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