MF Global Articles

Washington, DC: An MF Global lawsuit was pushed into the spotlight yet again recently with the revelation that a federal grand jury in Chicago is looking into the trail of a missing $1.6 billion in assets, asserted a recent report by The Associated Press.

Chicago, IL: Clients who had money frozen and are considering an MF Global lawsuit should check their client agreements. According to Diane Nygaard, a securities and commodities attorney at Kenner Schmitt Nygaard, LLC, clients affected by MF Global securities fraud will likely have to file an arbitration, which is actually good news, because it means claimants will not have to wait until bankruptcy is over before receiving their MF Global funds. But it also means that time is of the essence for clients to file a claim.

New York, NY: It's not just the small investor embroiled in an MF Global lawsuit. Larger players, such as the Province of Alberta in Canada, and the Virginia Retirement System (VRS), have been reportedly burned by alleged misdeeds that led to the collapse of MF Global Holdings Ltd.

London, England: Payments have been made to some clients in the UK after the MF Global lawsuit, as the defunct brokerage firm is being unwound in the face of a legal spat with the US trustee of the company, The Wall Street Journal reported.

Kansas City, MO: A newly released trustee's report regarding the alleged MF Global securities fraud appears to dash hope of MF Global clients recovering their missing money, but Diane Nygaard (pictured), a securities and commodities attorney at Kenner Schmitt Nygaard, LLC, says clients can still recover their money through arbitration. Customer arbitrations, especially group arbitrations, are most likely to be successful in recovering customers' funds.

New York, NY: Months after the news broke over the MF Global stock fraud case, the trustee overseeing the liquidation of the company's holdings brokerage is exploring ways to recover additional customer assets, Dow Jones reported.

Kansas City, MO: Despite the efforts of the FBI, the Department of Justice attorneys and investigators from the SEC, CFTC and NFA, the $1.2 billion of customers' funds missing from MF Global securities have not been found. Recent reports indicate the funds have likely gone abroad, possibly indicating MF Global securities law violations. According to Diane Nygaard, a securities and commodities attorney at Kenner Schmitt Nygaard, LLC, customers of the MF Global securities firm have only three avenues to try to recover the 28 percent of their money that they have not yet received.

New York, NY: Clients of MF Global may have let out a celebratory cheer when they read about the $1.2 billion being returned to the company's clients. Unfortunately, that money is going to MF Global securities clients in Europe, not those in the United States. That means that victims of alleged MF Global securities fraud will likely still have to file an arbitration to recover their missing money, according to Diane Nygaard, a securities and commodities attorney at Kenner Schmitt Nygaard, LLC.

Kansas City, MO: Clients who were affected by the MF Global bankruptcy and have had their funds frozen may be eligible to file an arbitration against the company to recover lost money. Diane Nygaard, a securities and commodities attorney at Kenner Schmitt Nygaard, LLC, says among those affected by the MF Global transactions are farmers, who were hedging their crops. They, and others who invested with MF Global, may have to file an arbitration if they hope to see their money again. In fact, an arbitration might be their best hope of seeing their money.