Kantrowitz Goldhamer & Graifman Launches Investigation In Possible Breaches of Fiduciary Duty by Officers and Directors of MF Global, Ltd. Relating to Employee Stock Purchase Plan
CHESTNUT RIDGE, NEW YORK, Dec. 13, 2011 B Kantrowitz Goldhamer & Graifman, P.C. is investigating alleged improper conduct on the part of certain officers and directors involved in designing, implementing and/or administering the MF Global, Ltd. (also referred to as “MF Global” or the “Company”) Employee Stock Purchase Plan and Long Term Incentive Plan (the “Plans”), which conduct may rise to the level of breach of fiduciary duty.
In particular, the investigation involves claims of whether the directors and/or officers responsible for designing, implementing and/or administering the Plans knew or should have known that the value of the Company stock required to be included as compensation was artificially inflated and/or whether the Directors and certain officers breached their fiduciary duty by requiring the use of Company stock as part of the Plans’ employee compensation when they knew or should have known that such stock was artificially inflated. In addition, the investigation involves whether intentional misrepresentations were made about the financial health, level of risk and business of the Company by certain directors and/or officers.
Kantrowitz Goldhamer & Graifman has extensive experience in Class Action and Derivative Litigation as well as significant experience representing the rights of employees. If you are a former employee of MF Global who participated in the Plans as of October 21, 2011, and would like to discuss your rights to recovery under the Plans, please contact Gary S. Graifman by phone: toll free at (800) 711-5258 or 845-356-2570, or by filling out o our online form, or writing to Kantrowitz Goldhamer & Graifman, Suite 200, 747 Chestnut Ridge Road, Chestnut Ridge, NY 10977.