Corzine, others settle MF Global lawsuit for $64.5 mln

Tue Jul 7, 2015 10:56am EDT
 
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NEW YORK, July 7 (Reuters) - Jon Corzine and other former executives and directors at MF Global Holdings Ltd have reached a $64.5 million settlement of litigation in which investors sought to hold them responsible for the now-defunct futures brokerage's 2011 bankruptcy.

The preliminary all-cash settlement was disclosed in a Tuesday court filing, and requires approval by a federal judge in Manhattan.

It follows earlier settlements totaling $74.9 million with some of MF Global's underwriters, and a proposed $65 million settlement with former MF Global auditor PricewaterhouseCoopers.

(Reporting by Jonathan Stempel in New York)