Judge OKs $175M MF Global Inc., CME Settlement

Law360, New York (August 10, 2012, 6:02 PM EDT) -- The judge overseeing the bankruptcies of MF Global Holdings Ltd. and broker-dealer unit MF Global Inc. in New York on Friday approved a $175 million settlement between MFGI's trustee and CME Group Inc., $130 million of which will go to commodities customers.

U.S. Bankruptcy Judge Martin Glenn approved MFGI's motion for approval of the agreement, which was subject to only one objection from one of the firm's former commodities customers. The plan had the support of a large contingent of commodities customers, the U.S. Commodity Futures...
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