The New York Federal Court ordered MF Global Holdings to pay $1.21 billion in restitution fees, in addition to a $100 penalty, for its unlawful use of customer funds, the Commodity Futures Trading Commission said Wednesday. Litigation continues against ex-MF Global chief Jon Corzine and MF Global's former Assistant Treasurer Edith O'Brien, the CFTC said. MF Global, a subsidiary of MF Global Holdings, collapsed in 2011 at the height of the European debt crisis when markets became spooked by the firm's $6.3 billion bet on European government bonds. U.S. authorities have accused the firm of using customer money to cover ... (full story)