A JPMorgan Chase & Co. unit’s $100 million settlement with MF Global Inc. liquidators won court approval, paving the way for the return of more money to the failed brokerage’s former customers, Bloomberg News reported yesterday. The agreement will allocate $100 million for the return of customer property, according to an order entered yesterday in bankruptcy court. The agreement resolves claims against JPMorgan arising from transfers of customer property in the days before MF Global entered bankruptcy, as well as its actions as one of the brokerage’s primary banks.
