HARWOOD FEFFER today announced that it is investigating brokerage firm MF Global Holdings (NYSE: MF) (“MF” or the “Company”) following reports that the Company admitted to regulators that it diverted customers' funds.
Any investor who purchased MF common stock or 6.25 percent bonds as part of a $325 million offering in Aug., 2011 is encouraged to contact the firm. Partner Robert I. Harwood is leading the firm's investigation and can be reached at (877) 935-7400 or via email at firstname.lastname@example.org. Investors can also learn more about this investigation at www.hfesq.com.
MF filed for bankruptcy protection on Oct. 31, 2011. On the same day, the Securities and Exchange Commission and the Commodity Futures Trading Commission issued a joint statement, noting that a deal to sell off part of the company to another firm had not been agreed to. The statement also noted that MF had reported "possible deficiencies" in customer accounts.
On Nov. 1, 2011, the Company was suspended from trading on the London Metal Exchange. It has also been suspended as a clearing member of CME Group, Inc., one of the largest futures markets.On Nov. 4, 2011, its chief executive officer, Jon Corzine, resigned his Company office. Harwood Feffer is investigating whether the Company misappropriated customers' funds, using their money to offset losses the Company incurred in failed investments. Harwood Feffer LLP has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website ( http://www.hfesq.com) for more information about the firm. Persons with relevant knowledge that may help this investigation are encouraged to contact the firm at:
|Robert I. Harwood, Esq.|
|Matthew M. Houston, Esq.|
|Harwood Feffer LLP|
|488 Madison Avenue|
|New York, New York 10022|