Second Circuit Court of Appeals Affirms Right to Sue MF Global and Other Defendants
September 14, 2010
In a major win for investors who purchased MF Global, Ltd., common stock through an IPO and sued MF Global Ltd., its officers, underwriters and Man Group, a related company, for issuing false and inaccurate statements in the offering documents, the United States Court of Appeals for the Second Circuit today vacated in part the lower court’s dismissal of the case, and remanded the case for further proceedings.
