MF Global, JPMorgan Strike Recovery Deal

Law360, New York (July 25, 2013, 7:41 PM EDT) -- MF Global Holdings Ltd. and JPMorgan Chase Bank NA asked a New York bankruptcy court Wednesday to approve a new settlement under which MF Global's estate will get a share of what the bank recovers from the collapsed brokerage's Chapter 11 trustee.

MF Global and JPMorgan told the court that the settlement will avoid the delay, expense and uncertainty of protracted litigation with JPMorgan, which was the agent on a $1.2 billion credit facility to the brokerage.

Specifically, the settlement provides for MF Global's plan administrator...
To view the full article, register now.




Case Information

Case Title

MF Global Holdings Ltd.

Case Number



New York Southern

Nature of Suit

Date Filed

October 31, 2011

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.