Customer Class Representatives, CME Group and MF Global Trustee Announce Agreements to Expedite Payments to MF Global Customers

CME Group, the Customer Class Representatives in the ongoing MF Global multi-district litigation ("Customer Representatives"), and James W. Giddens, Trustee for the Securities Investor Protection Act ("SIPA") liquidation of MF Global Inc. ("MFGI") announced agreements that will resolve any claims by or against CME Group in connection with the MF Global matter.

The agreement will allow CME to assert a $29 million claim against MFGI based on expenses incurred by CME as a result of the company's bankruptcy. The new claim was reserved under the prior settlement agreement between CME and Trustee that allowed the return of over $161 million to the Trustee. In a separate agreement, CME has agreed to deliver $14.5 million, one-half of the distribution that it will receive from the Trustee, to the Customer Representatives for distribution to MFGI's former customers. The agreements are subject to court approval before they can become effective.

See: CME Press Release.