Reuters: Judges OK JPMorgan Settlement With MF Global Trustee
Reuters reported that customers of MF Global’s failed broker-dealer unit and the trustee overseeing its liquidation won court approval for a $546 million settlement with JPMorgan Chase.
The settlement, announced in March, resolved claims levied by James Giddens, the trustee winding down MF’s broker-dealer unit MF Global Inc, and by the broker’s former customers, who are pursuing a federal class action over MF Global’s collapse in 2011, Reuters said.
To read the entire Reuters story, click here.
Previously on abfjournal: CFTC Seeks Trading Ban for Corzine, June 28, 2013