Business & Finance
Fri, November 25, 2011 
LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been filed on behalf of purchasers of the common stock of MF Global Holdings Ltd. (aMF Globala or the aCompanya) (OTC: MFGLQ) between November 5, 2009 and October 31, 2011, inclusive (the aClass Perioda), seeking to pursue remedies under the Securities Exchange Act of 1934. The class action lawsuit was filed in the United States District Court for the Southern District of New York.
MF Global was one of the worldas leading brokers in markets for commodities and listed derivatives. The Complaint alleges that during the Class Period defendants misrepresented and/or failed to disclose material adverse facts concerning MF Globalas business, operations and financial prospects, including that: (i) the Company was suffering from serious liquidity pressures based on its exposure to the European debt crisis; (ii) the Company's internal controls were highly deficient and were unable to clearly segregate clientsa funds; and (iii), the Company's true risk profile would inevitably lead to a credit rating downgrade.
No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. If you purchased MF Global securities between November 5, 2009 and October 31, 2011, you have certain rights, and have until January 3, 2012, to move for lead plaintiff status. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent class member. If you wish to discuss this action or have any questions concerning this Notice 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 ].
This press release may be considered Attorney Advertising in some jurisdictions underthe applicable law and ethical rules.
