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Glancy Binkow & Goldberg LLP Announces Investigation of MF Global Holding Ltd.

^{Published on 2011-11-02 20:04:47 - Market Wire}
 

LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against MF Global Holding Ltd. (aMF Globala or the aCompanya) (OTC: MFGLQ) concerning possible violations of federal securities laws. The investigation focuses on allegations that certain statements issued by the Company were false and misleading, in connection with its issuance of 3.375% Convertible Senior Notes and 6.250% Senior Notes.

Specifically, the investigation relates to MF Globalas October 31, 2011 disclosure that it was declaring bankruptcy. Recently, MF Global revealed that it had $6.3 billion of sovereign debt in troubled countries such as Italy and Spain, which was nearly five times MFas equity of more than $1 billion. On the news of MF Globalas impending bankruptcy, trading of MF Global shares was halted on the New York Stock Exchange and the Company defaulted on its bonds.

MF Global was the first company in more than three years to default on its bonds while rated investment grade by Standard & Pooras, and joined the very thin ranks of companies to default on debt before the first interest-rate payment came due.

Individuals with knowledge that may help the investigation are encouraged to contact the firm. The SEC recently finalized new rules as part of its implementation of the whistleblower provisions in the Dodd-Frank Wall Street Reform Bill. These new rules protect whistleblowers from employer retaliation and allow the SEC to reward those who provide information leading to a successful enforcement with up to 30 percent of the recovery.

If you purchased MF Global 3.375% Convertible Senior Notes or 6.250% Senior Notes, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1801 Avenue of the Stars, Suite 311, Los Angeles, California 90067, by telephone at 310-201-9150 or Toll Free at 888-773-9224, by e-mail to [ shareholders@glancylaw.com ], or visit our website at [ http://www.glancylaw.com ].

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.