MF Global judge OKs payout; Freeh says no bonuses

(Reuters) - A federal judge on Tuesday authorized the trustee liquidating MF Global Holdings Inc's brokerage unit to distribute as much as $685 million to customers whose accounts had been frozen when the futures brokerage went bankrupt. The payout authorized by U.S. Bankruptcy Judge Martin Glenn in Manhattan is on top of the more than $4 billion that the trustee James Giddens has already distributed, according to the trustee's spokesman Kent Jarrell. It includes as much as $600 million to be paid to U.S. exchange customers, up to $50 million for customers who traded on non-U.S. ...