WELCOME TO THE MF GLOBAL HOLDINGS LIMITED
SECURITIES LITIGATION WEBSITE
Notice: Update on the Distribution of Net Settlement Funds.
The Court has approved the distribution of the net settlement funds to eligible Court-approved Claimants who qualified for an award under the Plan of Allocation. A distribution of funds has occurred on the following date:
April 20, 2022
February 2021
December 2018
If you submitted a Claim in this case and have any questions related to that Claim, please contact the Claims Administrator who contact information is listed here below:
In re MF Global Holdings Limited Securities Litigation
P.O. Box 10164
Dublin, OH 43017-3164
(877) 940-5045
Info@mfglobalsecuritiesclassaction.com
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).
The claims filing deadline passed on June 7, 2016.
On December 10, 2018, the initial distribution occurred and payments were made to Court approved Class Members.
On February 10, 2021, the second distribution occurred and payments were made to Court approved Class Members who cashed their initial distribution payment and whose proportionate share of the amount available for distribution was at least $20.00.
On April 20, 2022, the third distribution occurred and payments were made to Court approved Class Members who cashed their second distribution payment and whose proportionate share of the amount available for distribution was at least $20.00.