Lowey Dannenberg Cohen & Hart, P.C. Files Class Action Suit Against MF Global Holdings, Ltd. and Its Officers, Directors and UnderwritersFont size: A | A | A
2:16 PM ET 12/5/11 | BusinessWire
Lowey Dannenberg Cohen & Hart, P.C. (http://www.lowey.com) today announced that it has filed a class action against Jon Corzine and MF Global's officers, directors and underwriters in the United States District Court for the Southern District of New York on behalf of investors who purchased the publicly traded securities of MF Global Holdings Ltd. ("MF Global").
If you purchased MF Global publicly traded securities from November 5, 2009 through October 31, 2011 (the "Class Period"), including MF Global notes issued in connection with MF Global's February 11, 2011 offering of the 1.875% Convertible Senior Notes, August 2, 2011 offering of the 3.375% Convertible Senior Notes, or August 8, 2011 offering of the 6.25% Senior Notes (collectively, the "Offerings"), you may want to consider your recourse for your losses. Investors wishing to act as Lead Plaintiff in this litigation have until January 3, 2011 to file their application with the Court. If you have any questions, please contact plaintiff's counsel, Barbara Hart, Esq., of Lowey Dannenberg Cohen & Hart, P.C., at 914-997-0500, or via e-mail at bhart@lowey.com. Any member of the putative class may move the Court to serve as Lead Plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.
MF Global was a holding company that acted as a broker in markets for commodities and listed derivatives. The complaint alleges that Jon Corzine and the other defendants issued false statements concerning MF Global's exposure to European sovereign debt, and raised $900 million in the Offerings. MF Global's securities also traded at inflated prices during the Class Period. On October 31, 2011, MF Global announced that the New York Federal Reserve had suspended the Company's designation as a primary dealer and that the Company had filed for Chapter 11 bankruptcy. The MF Global Notes issued pursuant to the Offerings are in default.
Plaintiff seeks to recover damages for violations of the Federal securities law on behalf of all purchasers of MF Global securities. The plaintiff is represented by Lowey Dannenberg, which has expertise in prosecuting investor class actions and extensive experience in actions involving financial fraud.
About Lowey Dannenberg Cohen & Hart:
Lowey Dannenberg has represented sophisticated clients in complex litigation for more than 40 years. The firm's principal fields of practice are investor representation, healthcare cost recovery, antitrust, bankruptcy and creditors rights, and consumer protection. We have achieved many notable successes over the years that have resulted in recoveries totaling billions of dollars for our clients. You can count on Lowey Dannenberg to invest the time, energy, resources and legal skill to achieve a recovery in your best interest. For more information see www.lowey.com.
SOURCE: Lowey Dannenberg Cohen & Hart, P.C.
Lowey Dannenberg Cohen & Hart, P.C.
Barbara Hart, 914-997-0500
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