MF Global Deal Greases Return Of Customers' Millions

Law360, New York (January 31, 2013, 9:10 PM EST) -- A New York bankruptcy judge signed off on an MF Global Inc. settlement Thursday involving the firm's U.K. unit that will allow for between $500 million and $600 million of former customers’ missing funds to be returned, signaling significant progress in the collapsed brokerage’s liquidation.

The deal resolves billions of dollars in claims brought by MF Global and MF Global U.K. Ltd., both units of parent company MF Global Holdings Ltd., against each other’s estates related to pre-bankruptcy business dealings. The two had battled for months...
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