MF Global starts final distribution to meet 100% of customer claims

New York

MF Global Inc, the defunct brokerage once led by Jon Corzine, has begun final distributions to fully satisfy US$6.7 billion in claims from former customers, starting yesterday and lasting several weeks, the trustee overseeing the repayments said.

"Cheques are going in the mail that will make all public customers of MF Global Inc 100 per cent whole," the trustee, James Giddens, said on Thursday in a statement.