Daily News: July 8, 2013

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