A lawsuit has been filed against MF Global soon after they announced they were filing for Chapter 11 bankruptcy protection. The lawsuit was filed by angry investors who purchased MF Global securities. The investors claim that MF Global and its former chairman, CEO and New Jersey Governor Jon Corzine, violated federal securities laws and artificially inflated MF Global’s stock price. This resulted in the investors feeling more confident about the stock and its price then they should have been. The lawsuit is entitled Joseph DeAngelis et al. vs. Jon S. Corzine et al. and was filed by the law firm of Block & Leviton L.L.P who are based in Boston MA. The lawsuit will be in the jurisdiction of the Federal District Court in New York.
