>MF Global - Customers
Lead Plaintiff Deadline: January 30, 2012
Ticker Symbol: MFGLQ.PK

MF Global (OTC: MFGLQ.PK) customers who have lost money have until Jan. 30, 2012, to move the court for lead plaintiff in Joseph Deangelis, et al., v Jon S. Corzine, et al., No. 1:11-cv-07866-VM, pursuant to an order by Judge Victor Marrero.

MF Global customers are encouraged to contact the firm to discuss their legal rights. Partner Reed R. Kathrein, who is leading this matter, can be reached at (510) 725-3000. He can also be emailed at MFGlobal@hbsslaw.com.

Three class-action complaints have been filed in federal court in the Southern District of New York, by customers of MF Global whose money has been allegedly lost or stolen. Defendants include Bradley I. Abelow, CME Group Inc., Jon S. Corzine, Laurie R. Ferber, Richard W. Gill, JPMorgan Chase & Co., Dennis A. Klejna, Edith O'Brien, Christine A. Serwinski, David Simons, Henri J. Steenkamp and Michael G. Stockman.

These cases are now consolidated with Joseph Deangelis, et al., v Jon S. Corzine, et al., No. 1:11-cv-07866-VM. The Court has appointed lead plaintiffs and counsel on behalf of purchasers of MF Global securities, but not customers of MF Global. On Jan. 18, 2012, Judge Marrero ordered that the time to file applications for appointment of lead plaintiff in the customer action is extended until Jan. 30, 2012.

The filed cases include:

1. David Accomazzo and Roberto E. Calle v. Corzine, No.1 :11-cv-8467 (the "Accomazzo Action"), which asserts claims under the Commodities Exchange Act on behalf of a proposed Class consisting of :

persons, other than Defendants, their employees, affiliates and agents, who held money or other assets in MF Global customer accounts as of any time during the period October 24th through October 31, 2011 ("Class Period")

2. Summit Trust Company v. Corzine, No. 1: 12-cv-0087 (the "Summit Action"), asserting claims under the Commodity Exchange Act on behalf of a Class consisting of:

persons, other than Defendants, their employees, affiliates and agents, who as of October 31, 2011, had one or more open commodity futures trading or
derivative contract with MF Global and/or had money, securities or other
property on deposit with MF Global as of that date for the purpose of
transacting in commodity futures trading or derivative contracts, and who
have sustained damage as a result of MF Global's failure to properly
segregate customer funds.

3. Kay P. Tee, LLC v. Corzine, No. 1: 12-cv-195 (the "KPT Action"), bringing claims under common law, the Racketeer Influenced Corrupt Organization Act ("RICO"), and the Commodities Exchange Act on behalf of a Class consisting of:

all MF Global commodity account holders or customers who held open futures
positions and/or cash collateral or cash deposits for future collateral in their MF
Global accounts and had not received a return of 100% of their funds as of close
of business on November 2, 2011.



Key Attorneys

Reed R. Kathrein
Mr. Kathrein is the managing partner of the Berkeley office of Hagens Berman. After eleven years defending ...   link >>

        

Cases and Investigations