Investigation into the Potential for Recovery of MF Global Senior Unsecured Note Investment Losses

FOR IMMEDIATE RELEASE
Chicago, Illinois, United States of America (Free-Press-Release.com) November 2, 2011 -- Are you concerned about losing your investment in MF Global’s 6.250% senior unsecured notes, due in 2016, in light of the news of MF Global’s bankruptcy? If so, The White Law Group may be able to assist you.

MF Global Holdings Ltd. announced the offering of the senior unsecured notes on August 2nd 2011 and announced the pricing the following day. The goal was to raise $325 million in capital.

The intended use of the offerings proceeds, according to a MF Global press release, was “to use a portion of the net proceeds of this offering to repay a portion of its outstanding indebtedness under its $1.2 billion revolving credit facility and for general corporate purposes.”

SEC documents indicate that the sole book-running manager for the offering is Jefferies and Company, Inc. and the co-managers are BofA Merrill Lynch, BMO Capital Markets, Commerzbank, Natixis, Lebenthal & Co., LLC, Sandler O’neill + Parnters, L.P., and US Bancorp.

Based on MF Global’s bankruptcy and the stated purpose of raising the capital it appears that the company may have been aware of significant financial distress at the time of the senior unsecured note offering.

Brokerage firms have a fiduciary duty to their customers to perform due diligence on any investment prior to recommending it for sale and to ensure that the investment is appropriate. Brokerage firms also are responsible for determining whether an investment is appropriate in light of a particular investor’s age, investment experience, and investment objective. Given what is now known about MF Global it appears that brokerage firms that sold the MF Global 6.25% senior unsecured notes failed to perform the necessary due diligence.

If you invested in the MF Global 6.250% senior unsecured notes, or another MF Global senior note, and would like to speak to a securities attorney about your ability to recover your investment, please call our Chicago office at 312/238-9650.

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.

For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.

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