The trustee liquidating MF Global Holdings Ltd's broker-dealer unit has won court permission to distribute $520 million of cash, providing relief to customers whose accounts have been frozen since the futures brokerage went bankrupt. The payout is 60 percent of the $869 million that was frozen since Oct. 31 across commodity customer accounts that contained only cash. The Judge Martin Glenn in ruling turned aside objections by some customers who faulted the trustee for not distributing more, and others who complained that they were ineligible to join in the payout. Nothing in the law "requires that all customers receive similar rates of distributions at the same time," he said. Still unclear is the whereabouts of about $600 million of customer funds that have been unaccounted for since MF Global's Chapter 11 filing, and whether MF Global might have improperly mixed customer funds with its own. Kent Jarrell, a spokesman for the trustee, said after the hearing that about 23,300 customers will be entitled to share in the payout, which is expected to begin by Nov. 21. "A few hundred" accounts would remain frozen, he said.  For More Info, go to [Reuters 11/17/11]