A judge yesterday paved the way for nearly 100 percent recoveries for creditors of MF Global's brokerage, an outcome considered unthinkable when the firm collapsed less than four years ago, Dow Jones Daily Bankruptcy Review reported today. Bankruptcy Judge Martin Glenn approved the brokerage's request to hand pending litigation against former Chief Executive Jon S. Corzine and other company leaders to its parent company, setting the stage for the nearly full recoveries for creditors. Unsecured creditors of the brokerage will get between 94 cents and 95 cents on the dollar, said James B. Kobak Jr., a lawyer for James W. Giddens, the trustee unwinding the MF Global brokerage.
