CINCINNATI, Nov. 8, 2011 (GLOBE NEWSWIRE) -- Attorney Advertising -- The law firm of Statman, Harris & Eyrich, LLC, which has extensive experience in class action litigation, announced today that it is investigating certain officers and the Board of Directors of MF Global Holdings Ltd. ("MF Global or the "Company") for potential violations of state and federal securities laws, on behalf of investors who purchased shares in the Company during the period May 20, 2011 through October 28, 2011.
In a complaint recently filed in the Southern District of New York, MF Global Holdings Ltd. and certain of its officers and directors are alleged to have made materially false and misleading statements or failed to disclose material information related to the Company's internal financial controls and liquidity levels in violation of the Securities Exchange Act of 1934. The Company filed for Chapter 11 bankruptcy on October 31, 2011 after a $6.3 billion bet on the bonds of some of Europe's most indebted nations prompted regulator concerns and a credit rating downgrade. The Wall Street Journal reported on November 1, 2011 that, according to a federal official, MF Global told regulators that money was missing from customers' accounts. The Company was suspended from trading on the London Metal Exchange and has been suspended as a clearing member of CME Group, Inc., one of the largest future markets. The Securities and Exchange Commission and Commodity Futures Trading Commission issued a joint statement stating that MF Global had reported possible deficiencies in customer accounts. Jon Corzine, a former New Jersey Governor who ran MF Global Holdings Ltd., resigned as chairman and chief executive of the company on November 4, 2011.
Shareholders who purchased shares in MF Global Holdings Ltd. between May 20, 2011 and October 28, 2011 may have a claim and are encouraged to contact Jeffrey P. Harris, Esq. at 513-345-8181 or email classaction@statmanharris.com for more information without any cost or obligation to you.
Statman, Harris & Eyrich, LLC has offices in Chicago, Illinois; Cincinnati, Ohio; and Dayton, Ohio.