The deal represents the closing of litigation against Corzine’s commodity brokerage, which saw close to $1.6 billion of customer money go missing. Corzine is barred from working for a futures commission merchant or registering with the CFTC and he cannot ask insurers to cover the costs.
Corzine and other former MF Global executives reached a related $132 million settlement last year and, prior to that, executives reached a $64.5 million settlement in additional, separate litigation.