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MF Global SIPA Trustee, JPMorgan Reach Deal To Return $300M To Customers

NEW YORK - The Securities Investor Protection Act (SIPA) trustee in the MF Global Inc. (MFGI) bankruptcy on March 19 announced that he had reached a settlement agreement with JP Morgan Chase Bank N.A. that will return $300 million to commodities customers who had money invested with MFGI (In Re: MF Global Inc., No. 11-2790, Chapter 11, S.D. N.Y. Bkcy.; See February 2012, Page 49)....(read more)Image may be NSFW.
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