MF Global Auditor Settles Customer Class Action

Law360, New York (January 30, 2014, 7:12 PM EST) -- A former self-regulatory agency for MF Global Inc. has agreed to a $14.5 million settlement that will allow it to exit a proposed class action alleging it played a role in the brokerage's descent into bankruptcy and accruance of a $1.6 billion shortfall in customer funds.

Chicago-based futures and options exchange CME Group Inc. will seek an order to establish superpriority on a previously approved $29 million claim in MF Global's ongoing Chapter 11 case, with the condition that half of any proceeds recovered will go...
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