Bankruptcy Judge Martin Glenn cleared MF Global Inc. to pay back 100 percent of the money owed to its U.S. and overseas commodity customers, a watershed moment in the collapsed brokerage firm's chapter 11 case, Dow Jones Daily Bankruptcy Review reported today. James W. Giddens, the trustee unwinding MF Global 's brokerage, was cleared to allocate about $305 million into an account that would pay back the customers by the end of the year.
