MF Global, JPMorgan Deal Unlocking $1B Gets Judges' OK

Law360, New York (July 3, 2013, 8:58 PM EDT) -- MF Global Inc. and JPMorgan Chase Bank NA on Wednesday received the final go-ahead from two federal judges to implement their settlement that will free up approximately $1 billion in recovery for customers who sustained massive losses when the brokerage collapsed in 2011, as well as resolve class actions.

U.S. District Judge Victor Marrero and U.S. Bankruptcy Judge Martin Glenn held a joint hearing to consider the deal, which involves both the Securities Investor Protection Act liquidation of MFGI — the broker-dealer arm of MF Global...
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