MF Global trustee James Giddens struck a deal with the CME Group that recovered $130 million in customer funds from the exchange group. The agreement must be approved by a bankruptcy court and is not associated with the $1.6 billion in missing customer funds. In addition, CME Group will assign $16.5 million to cover future claims against them and will give $28.5 million to the judge overseeing the case for later assignment.
Coverage:
- CME Group to return $130 million in MF Global funds – SunTimes
- MF Global Clients Get $130M From CME But $1.6B Is Still Missing – Forbes
- MF Global Trustee Gets $130 Million From CME for Payouts – Bloomberg
- CME to Return $130 Million in MF Global Assets – NY Times DealBook
