MF Global Holdings
On October 30, 2011, a unit of the New York-based brokerage reported a “material shortfall” in customer funds. Customer accounts with $5.45 billion were frozen Oct. 31, the same day the parent company - MF Global Inc. - filed the eighth-largest U.S. bankruptcy. The shortfall in customer accounts may be as large as $1.2 billion, or 22%, according to the trustee overseeing liquidation. MF Global Holdings Ltd. may have moved hundreds of millions of dollars from its futures client accounts to other accounts before its Oct. 31 bankruptcy.
If you are a customer of MF Global and would like to discuss your legal rights, please contact us for a free consultation. Darren Blum, managing partner of Blum Law Group can be reached at 1-877-STOCK LAW (1-877-786-2552) or email@example.com.