ZAMANSKY EXPANDS INVESTIGATION OF MF GLOBAL HOLDINGS
In light of new reports that MF Global may have failed to appropriately segregate customer funds, and could have commingled those funds for use in its highly leverage proprietary trading, we are expanding our investigation of potential securities law violations by MF Global and its officers.
In addition, in August 2011, MF Global offered and sold $325 million in senior debt. Jefferies & Co., Inc. was the lead underwriter for that offering, and we are investigating whether the disclosures in the offering documents contained actionable misstatements or omissions concerning MF Global’s exposure to European sovereign debt, including the debt of Italy, Spain, Portugal and Ireland. This exposure is what led to the firm’s bankruptcy filing this week.
Finally, we are expanding our investigation to determine what legal remedies may be available to shareholders, including MF Global employees who held the company’s stock as a result of their participation in an employee stock ownership plan (”ESOP”).
If you are a customer, debt holder, ESOP participant or other shareholder of MF Global and would like to discuss your legal rights, please contact Jake Zamansky at (212) 742-1414 or jake@zamansky.com.