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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.