MF Global Holdings Investment Litigation Summary Action For Commodity Customer Class Actions.
NEW YORK, April 8, 2013 /PRNewswire/ --
The following Notice has been issued by THE UNITED STATES DISTRICT COURT SOUTHERN DISTRICT NEW YORK, IN RE MF GLOBAL HOLDINGS LTD. INVESTMENT LITIGATION (Case No. 12-MD-2338 (VM))
JOSEPH DEANGELIS, et al., Plaintiffs, against JON S. CORZINE, et al., Defendants. (Case No. 11-Civ-7866 (VM)).
THIS DOCUMENT RELATES TO: The Commodity Customer Class Actions
SUMMARY NOTICE
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All persons or entities who held money, property, and/or securities at MF Global Inc. ("MFGI") as of the bankruptcy of MFGI on October 31, 2011. This includes all commodities and securities customers of MFGI, including but not limited to each of the customer account classes identified in 17 C.F.R. Section 190.01(a) (i.e., futures, foreign futures, leverage, delivery, and cleared swaps accounts) and any customer for whose benefit MFGI was required by law to maintain segregated, secured, or other dedicated accounts or funds, including without limitation under 17 C.F.R. Secs. 1.20, 30.7, and/or 240.15c3-3 (the "Class" or "Class Members" or "Settlement Class"1). |
You are hereby notified that pursuant to an Order of the United States District Court for the Southern District of New York, a hearing will be held on July 3, 2013, at 2:00 p.m., before the Honorable Victor Marrero, at the United States District Court for the Southern District of New York, Daniel Patrick Moynihan U.S. Courthouse, 500 Pearl Street, New York, New York 10007, for the purpose of determining: (1) whether the proposed Settlement with JPMorgan Chase Bank N.A. and its parents, subsidiaries and affiliates ("JPMorgan"), including a $100,000,000.00 (one hundred million) Distribution Cash Payment to the Settlement Class, should be approved by the Court as fair, reasonable and adequate; (2) whether JPMorgan should be released from all claims and potential claims, as set forth in the Settlement Agreement dated as of March 19, 2013; (3) the reasonableness of the application of Lead Counsel for the payment of attorneys' fees and expenses incurred in connection with this Customer Class Action Litigation, together with interest thereon; and (4) the reasonableness of the Trustee's Plan of Allocation.
If you are a member of the Settlement Class, your rights may be affected by this Settlement with JPMorgan. If you have not received a detailed Notice of Proposed Partial Settlement of Class Action and a copy of the Proof of Claim, you may obtain copies by writing to MF Global Inc. Claims Processing Center, c/o Epiq Bankruptcy Solutions, LLC, FDR Station, P.O. Box 5011, New York, NY 10150-5011, calling (888) 236-0808 ((503) 597-5173 for international callers), or by downloading this information at www.mfglobaltrustee.com. If you are a Settlement Class Member you will automatically share in the Distribution Cash Payment if you have submitted a claim form in the MFGI bankruptcy. If you have not submitted a claim form in the MFGI bankruptcy, in order to share in the Distribution Cash Payment, you must submit a Proof of Claim postmarked no later than June 10, 2013. You will be bound by any Judgment rendered in the Customer Class Action Litigation unless you request to be excluded, in writing, to the above address, received by June 12, 2013.
Any objection to any aspect of this Settlement must be filed with the Clerk of the Court and received by the following no later than June 12, 2013: BERGER & MONTAGUE, P.C., Merrill G. Davidoff, 1622 Locust Street, Philadelphia, PA 19103 -and- ENTWISTLE & CAPPUCCI LLP, Andrew J. Entwistle, 280 Park Avenue, 26 Floor West, New York, NY 10017, Lead Counsel for Customer Representative Plaintiffs. WACHTELL, LIPTON, ROSEN & KATZ, John F. Savarese, 51 West 52nd Street, New York, NY 10019, Counsel for JPMorgan Chase Bank, N.A.,
PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.
DATED: March 28, 2013, BY ORDER OF THE COURT, UNITED STATES DISTRICT COURT, SOUTHERN DISTRICT OF NEW YORK
1 The Class includes MFGI's former 4d and 30.7 Customers. 4d Customers are those customer-members of the proposed Settlement Class who engaged in commodity transactions on domestic exchanges and whose property MFGI and its management was required to hold in segregated accounts pursuant to Section 4d of the Commodity Exchange Act. 30.7 Customers are those customer-members of the proposed Settlement Class who engaged in commodity transactions on foreign exchanges and whose property MFGI and its management was required to secure pursuant to 17 CFR Section 30.7.
Paul Mesches
Porte Advertising
450 Seventh Avenue, Suite 2905
New York, NY 10123
[email protected]
212-354-6906
SOURCE Epiq Bankruptcy Solutions, LLC
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