MF Global SIPA Agreement Would Make More Than $800 Million Available For Creditors

NEW YORK - An attorney for the Securities Investor Protection Act (SIPA) trustee in the MF Global Inc. (MFGI) Chapter 11 bankruptcy on Jan. 10 filed a declaration supporting a settlement proposed between MFGI and its U.K. affiliates of MF Global that would return more than $500 million in customer property to the MFGI bankruptcy estate and make in excess of $300 million of funds available for distribution to customer claimants (In Re: MF Global Inc., No. 11-02790, Chapter 11, S.D. N.Y. Bkcy.).

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