March 19 JPMorgan Chase & Co has agreed
to pay $100 million to MF Global Inc as part of a settlement
reached with the trustee liquidating the broker-dealer unit of
MF Global Holdings, a court filing showed.
As part of the settlement, JPMorgan will also return more
than $29 million in the brokerage's funds held by the bank,
while releasing claims on $417 million that was previously
returned to the trustee James Giddens, who is working on
recovering money lost by the customers.
The case is In re: MF Global Inc, case No. 11-2790, in U.S.
Bankruptcy Court, Southern District of New York.