Judge OKs MF Global Customer-Trustee Claim Settlement

Law360, New York (March 14, 2014, 7:15 PM EDT) -- A New York federal judge on Friday signed off on a bankruptcy court settlement to provide former MF Global Inc. commodities customers with a 100 percent recovery of the funds they saw disappear when the brokerage collapsed two years ago.

During a status conference for a putative class action suit currently pending against MF Global’s former top brass, District Judge Victor Marrero approved a net equity settlement agreement under which the customers will receive an advance of $563 million — a 100 percent net return of...
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