The Commodity Futures Trading Commission settled its outstanding complaint against MF Global Holdings Ltd.—the parent of MF Global Inc.—related to the collapse of MFGI during October 2011. In settling, MFGH agreed to pay restitution of US $1.212 billion to customers of MFGI or such other amount as necessary to ensure that claims against MFGI are satisfied in full, although the CFTC already has acknowledged that a substantial portion of this amount previously has been satisfied (click here to access the relevant CFTC press release). MFGH also agreed to pay a US $100 million penalty; however, this amount will not be satisfied until the claims of all customers and certain creditors are satisfied. In June 2013, the CFTC filed a complaint against MFGH, MFGI, John Corzine and Edith O’Brien based on the firm’s alleged unlawful use of customer funds; the complaint was amended in December 2013. The claims against Mr. Corzine, the former chief executive officer of both MFGH and MFGI, and Ms. O’Brien, the former assistant treasurer of MFGI, are still pending in a United States federal court in New York City.