April 7 (Reuters) - MG Unit Trust MGC.AX :
* UPDATES ON RETAINED LITIGATION
* FEDERAL COURT DETERMINED IT WILL MAKE ORDERS APPROVING SETTLEMENT OF PROCEEDING; SETTLEMENT AMOUNT IS $37.5 MILLION
April 7 (Reuters) - MG Unit Trust MGC.AX :
* UPDATES ON RETAINED LITIGATION
* FEDERAL COURT DETERMINED IT WILL MAKE ORDERS APPROVING SETTLEMENT OF PROCEEDING; SETTLEMENT AMOUNT IS $37.5 MILLION