Securities Class Action Lawsuit Filed Against MF Global After MF Global Files For Chapter 11 Bankruptcy Protection.
A securities fraud class action lawsuit has reportedly been filed against MF Global Holdings Ltd. (“MF Global” or “Defendant”) following its recent filing for Chapter 11 bankruptcy protection, on behalf of certain investors who purchased MF Global securities, alleging, among other things, that MF Global and its former chairman and CEO Jon Corzine, violated federal securities laws and artificially inflated MF Global’s stock price, according to an MF Global securities class action lawsuit news report.
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