Notice: Update on Distribution to Court approved Class Members.
December, 2018

This is a securities class action arising out of the collapse of MF Global Holdings Limited (“MF Global”) in October 2011. The Action was brought by investors alleging that Defendants violated the federal securities laws by, among other things, making false and misleading statements regarding MF Global or were statutorily liable for false and misleading statements in MF Global’s offering materials for certain MF Global securities.

The Action Has Been Resolved Through Five Separate Settlements

Five separate settlements have resulted in an aggregate total recovery of $234.3 million for investors in MF Global Securities.

On June 26, 2015, the Court finally approved partial settlements that Lead Plaintiffs had reached with certain Underwriter Defendants for $74 million on behalf of the Underwriter Settlement Class and with defendant Commerz Markets LLC for $932,828 on behalf of the Commerz Settlement Class.

On November 25, 2015, the Court finally approved two additional partial settlements that Lead Plaintiffs reached with PricewaterhouseCoopers LLP (“PwC”), the outside auditor of MF Global, for $65 million on behalf of the PwC Settlement Class, and with certain officers and directors of MF Global (the “Individual Defendants”) for $64.5 million on behalf of the Individual Defendant Settlement Class.

On July 15, 2016, the Court finally approved a settlement for $29,825,000 in cash with the Remaining Senior Notes Underwriter Defendants (underwriters of MF Global’s 6.25% Senior Notes due August 8, 2016), who were the final remaining defendants in the action, on behalf of the Remaining Senior Notes Underwriter Class.

Further information about each settlement and the class definition for each settlement, can be found in the applicable Notice. The Notices are available here.

The MF Global Securities that are eligible to participate in one or more of the Settlements are:

  • MF Global common stock (including shares acquired through the MF Global Ltd. Amended and Restated 2007 Long Term Incentive Plan or the MF Global Ltd. Employee Stock Purchase Plan) (CUSIP 55277J108);

  • MF Global’s 9% Convertible Senior Notes due June 20, 2038 (CUSIP 55276YAB2);

  • MF Global’s 1.875% Convertible Senior Notes due February 1, 2016 (CUSIP 55277JAA6);

  • MF Global’s 3.375% Convertible Senior Notes due August 1, 2018 (CUSIP 55277JAB4); and

  • MF Global’s 6.25% Senior Notes due August 8, 2016 (CUSIP 55277JAC2).

Payments to eligible claimants will be made after the completion of all claims processing. Please be patient, as this process will take some time to complete.


June 7, 2016 Claim Filing Deadline. The postmark deadline for submission of Claim Forms was June 7, 2016.