A bankruptcy judge on Wednesday approved a settlement that will increase JPMorgan Chase & Co’s potential recoveries from the liquidation of MF Global Holdings to as much as 76 cents for every dollar in claims. The deal resolves a complaint from JPMorgan over the value of an intercompany settlement among MF Global affiliates. That complaint had posed a potentially significant obstacle to getting creditor support and court approval for MF Global’s payout plan. More on Reuters here.
