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MF GLOBAL - $5 Million Class Settlement

UPDATE 10/27/2016

On November 14, 2011, Outten & Golden ("O&G") filed suit against MF Global Holdings, LTD., MF Global Finance USA, Inc., MF Global Holdings USA Inc. (the "Chapter 11 Debtors"), and MF Global, Inc. (the "SIPA Trustee"), in the United States Bankruptcy Court for the Southern District of New York, seeking to recover 60 days wages and benefits for former employees under the Worker Adjustment and Retraining Notification ("WARN") Act and the NY WARN Act. We contend MF Global ordered mass layoffs on or about November 11, 2011 without providing its employees with advance written notice. Generally, the WARN Act requires companies to provide their employees with 60 days written notice in advance of a mass layoff or plant closing. In the absence of such notice, employers may be liable to each affected employee for 60 days wages and benefits.

On August 24, 2016, Judge Glenn granted final approval of the WARN class action $5 Million settlement. Settlement checks were mailed by the settlement administrator to the members of the Class on September 13, 2016. Class members will have 90 days from the date of issuance of the settlement checks to cash their checks or risk reversion of the funds to the MF Global Estate. If you have moved and not provided us with your current mailing address, please call or email us immediately. Our contact information is below.

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