MF Global Gets Nod To Repay Commodities Customers In Full

Law360, New York (November 05, 2013, 6:35 PM ET) -- MF Global Inc. on Tuesday received a bankruptcy judge’s go-ahead to distribute to commodities customers the final remaining amounts they lost when the brokerage collapsed two years ago, providing them a 100 percent recovery.

In approving the motion, which requires several million in general estate funds to be moved to an account for the commodities customers, U.S. Bankruptcy Judge Martin Glenn took a moment to appreciate the significance of paying off the entire amount sought in light of the mess the brokerage was in when $1.6...
To view the full article, register now.