MF Global, BofA Reach Deal On $4M Bankruptcy Claim

By Lance Duroni (June 3, 2013, 1:49 PM EDT) -- MF Global Holdings Ltd. has agreed to allow Bank of America NA a $4 million bankruptcy claim stemming from a bill for financial advice provided in the final days of the brokerage firm's stunning collapse, according to court documents filed Friday.

The claim is actually for advisory services provided by BlackRock Financial Management Inc., but BofA acquired the claim during MF Global's Chapter 11 case, the parties said in a stipulation filed in New York bankruptcy court.

BofA agreed in the deal with MF Global bankruptcy trustee Louis J. Freeh to withdraw a separate $4 million claim against the firm's broker-dealer...

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