If you invested in MF Global’s 6.250% Senior Notes due 2016, or the 3.375% Convertible Senior Notes due 2018, you may have legal claims which may be asserted in civil court.
Investors may have legal rights with respect to the following bonds:
MF Global’s 6.250% Senior Notes due 2016, CUSIP No. 55277JAC2 (prospectus)
MF Global’s 3.375% Senior Notes due 2018, CUSIP No. 55277JAB4 (prospectus)
These bonds were were offered in July and August 2011, yet should never have been offered to the investing public. Although the 6.250% Senior Notes and the 3.375% Convertible Senior Notes were rated investment grade, MF Global declared bankruptcy just months after the bonds were underwritten and issued by MF Global and its bank underwriters.
MF Global and its underwriters either knew, or certainly should have known, about the serious problems facing MF Global which resulted in its bankruptcy filing, the eighth largest in U.S. history. Jefferies was the lead manager for the 6.250% Senior Notes offering, and offering co-managers included Bank of America, Merrill Lynch, U.S. Bancorp and Commerzbank. These financial institutions were required to undertake sufficient due diligence of MF Global during the underwriting process.
Because MF Global declared bankruptcy within months of the bonds’ issuance, the underwriters knew or should have known about MF Global’s precarious financial condition. The federal securities laws require issuers and underwriters to undertake adequate due diligence before making securities available to the markets.
If you invested in MF Global’s 6.250% Senior Notes due 2016, or MF Global’s 3.375% Convertible Senior Notes due 2018, and wish to discuss your legal rights, please fill out the form below.