2013-03-21 — wsj.com
Tuesday's settlement between MF Global customers and J.P. Morgan ends months of debate over J.P. Morgan's role in the firm's demise. While regulators are still poring through why customer money was taken out of customer accounts as the firm collapsed, private litigation in the case looks to be reaching a conclusion for J.P. Morgan.
Since the 2011 bankruptcy, J.P. Morgan has paid back more than $700 million in MF Global funds. The latest installment will come with Tuesday's settlement, which calls for J.P. Morgan to pay about $100 million in new money, while giving up on claims that it might take back $417 million in MF Global funds it had paid earlier to the trustee representing MF Global's brokerage customers.
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