Individual defendants and PricewaterhouseCoopers LLP (PwC) Settlements
The PwC and individual defendant settlements include all persons and entities who or which purchased or otherwise acquired any of the MF Global Holdings Ltd securities (listed below) during May 20, 2010 and November 21, 2011.
- MF Global common stock (including shares acquired through the MF Global Ltd. Amended and Restated 2007 Long Term Incentive Plan or the MF Global Ltd. Employee Stock Purchase Plan) (CUSIP 55277J108);
- MF Global’s 9% Convertible Senior Notes due June 20, 2038, issued on or about June 25, 2008 (CUSIP 55276YAB2) (“9% Convertible Senior Notes”);
- MF Global’s 1.875% Convertible Senior Notes due February 1, 2016, issued on or about February 7, 2011 (CUSIP 55277JAA6) (“1.875% Convertible Senior Notes”);
- MF Global’s 3.375% Convertible Senior Notes due August 1, 2018, issued on or about July 28, 2011 (CUSIP 55277JAB4) (“3.375% Convertible Senior Notes”); and
- MF Global’s 6.25% Senior Notes due August 8, 2016, issued on or about August 1, 2011 (CUSIP 55277JAC2) (“6.25% Senior Notes”).

The settlement amount of $129,500,000 consists of:
- $65,000,000 in cash to be paid by PricewaterhouseCoopers LLP, the outside auditor of MF Global Holdings Ltd;
- $64,500,000 in cash to be paid by the individual defendants.

Commerz Settlement

The Commerz Settlement Class consists of persons or entities who or which, during the period beginning on August 1, 2011 through and including November 21, 2011, purchased or otherwise acquired MF Global’s 6.25% Senior Notes due August 8, 2016, issued on or about August 1, 2011 (CUSIP 55277JAC2), and were damaged thereby.

Underwriter Settlement

The Underwriter Settlement Class consists of all persons and entities who or which purchased or otherwise acquired, during the period beginning on May 20, 2010 through and including November 21, 2011, any of the following MF Global Settling Underwriter Securities, and were damaged thereby. The MF Global Settlement Underwriter Securities are:

MF Global common stock purchased in or traceable to the Common Stock Secondary Offering
(CUSIP 55277J108);
MF Global’s 1.875% Convertible Senior Notes due February 1, 2016, issued on or about February 7, 2011
(CUSIP 55277JAA6);
MF Global’s 3.375% Convertible Senior Notes due August 1, 2018, issued on or about July 28, 2011
(CUSIP 55277JAB4); and
MF Global’s 6.25% Senior Notes due August 8, 2016, issued on or about August 1, 2011
(CUSIP 55277JAC2).

November 25, 2015 - The court approved the settlement with the individual defendants and PricewaterhouseCoopers LLP and dismissed all claims against them with prejudice.

July 7, 2015 - The court preliminarily approved the settlement with individual defendants.

July 2, 2015 - Parties (lead plaintiffs and individual defendants) filed a stipulation of settlement.

June 26, 2015 - The court approved the settlement with Commerz Markets LLC and certain underwriter defendants and dismissed all claims against them with prejudice.

April 20, 2015 - The court preliminarily approved the settlement with PricewaterhouseCoopers LLP.

April 3, 2015 - Parties (lead plaintiffs and PricewaterhouseCoopers LLP) filed a stipulation of settlement.

March 17, 2015 - Parties filed a stipulation of settlement with the defendant, Commerz Markets LLC and the court preliminarily approved the settlement.

December 11, 2014 - The court preliminarily approved the underwriter settlement.

October 3, 2014 - The lead plaintiffs filed a second amended consolidated complaint adding an auditor defendant.

March 17, 2014 - The court approved the motion for attorneys' fees and expenses.

March 14, 2014 - The court approved the settlement with another defendant and entered the orders approving the plan of allocation and dismissing the action with prejudice.

March 11, 2014 - The court denied the plaintiffs' motion for reconsideration.

February 25, 2014 - Plaintiffs filed a motion for reconsideration of the dismissal of 3 claims.

February 11, 2014 - The court granted in part and denied in part defendants' additional motions to dismiss.

November 13, 2013 - A plaintiff filed a notice of voluntary dismissal without prejudice against one defendant.

November 12, 2013 - The court denied defendants' motions to dismiss.

July 3, 2013 - The court approved the settlement with one defendant and entered the orders approving the plan of allocation, the motion for attorneys’ fees and expenses, and dismissing the action with prejudice.

May 21, 2013 - The U.S. Court of Appeals for the Second Circuit ordered that the appeal is dismissed and the appellants motion is denied.

March 28, 2013 - The court preliminarily approved the settlement.

March 19, 2013 - Parties filed a stipulation of settlement.

February 6, 2012 - The lead plaintiffs filed a notice of appeal.

January 16, 2013 - Defendants filed motions to dismiss.

December 18, 2012 - Another plaintiff filed an amended complaint.

December 13, 2012 - Another case was consolidated.

November 28, 2012 - The plaintiff filed a notice of voluntary dismissal without prejudice against one defendant.

November 5, 2012 - The lead plaintiffs filed another amended complaint.

October 19, 2012 - Defendants filed motions to dismiss.

August 20, 2012 - The lead plaintiffs filed an amended complaint on behalf of investors who purchased MF Global Holdings Ltd (NYSE: MF) common shares between May 20, 2010 and November 21, 2011. The plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between May 20, 2010 and November 21, 2011.

July 9, 2012 - Another case was consolidated.

May 21, 2012 - Interim lead counsel were appointed. One plaintiff is allowed to assert individual claims through an individual complaint.

May 18, 2012 - Another case was consolidated.

May 15, 2012 - Another case was consolidated.

May 4, 2012 - More cases were consolidated.

March 27, 2012 - More cases were consolidated.

March 6, 2012 - The plaintiff filed a notice of voluntary dismissal without prejudice against one defendant.

February 17, 2012 - More cases were consolidated.

January 31, 2012 - Another lead plaintiff motion was filed.

January 30, 2012 - More lead plaintiff motions were filed.

January 27, 2012 - Another case was consolidated.

January 24, 2012 - More cases were consolidated.

January 20, 2012 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

January 13, 2012 - Another case was consolidated.

January 3, 2012 - Lead plaintiff motions were filed.

December 19, 2011 - The plaintiff filed a notice of voluntary dismissal without prejudice against certain defendants.

December 14, 2011 - Another case was consolidated.

December 9, 2011 - Another case was consolidated.

December 8, 2011 - More cases were consolidated.

November 30, 2011 - More cases were consolidated.

November 28, 2011 - Another case was consolidated.

November 16, 2011 - Cases were consolidated.

November 3, 2011 - An investor in shares of MF Global Holdings Ltd (NYSE: MF now trading on the OTC sheets as MFGLQ) filed a lawsuit in the U. S. District Court for the Southern District of New York against Jon S. Corzine and certain officers and directors over alleged Violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between May 20, 2011 to October 28, 2011.

According to the complaint the plaintiff alleges that Jon S. Corzine and certain officers and directors violated the Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. MF Global Holdings Ltd was not named as a defendant.

The plaintiff claims that MF Global Holdings Ltd (NYSE: MF) through its most senior officers and directors made certain allegedly materially false and misleading statements regarding the Company's internal financial controls and liquidity levels.

MF Global Holdings Ltd reported an increase in its 12months Revenue from $1.99billion for a 12months period ending on March 31, 2010 to $2.23billion for the 12months period ending on March 31, 2011.

Shares of MF Global Holdings Ltd (NYSE: MF) rose from as low as $1.91 per share in Nov. 2008 to as high as $9.55 in April 2010. In the first half of NYSE: MF stocks were able to trade above $7. However, since the end of July NYSE: MF stocks lost significantly in value.

During August and September MF stocks fell from $7.38 on August 1, 2011 to $4.13 on September 30, 2011.

Then on October 24, 2011, after the market closed, Moody's Investors Service downgraded the long-term ratings of MF Global Holdings Ltd, including its senior, unsecured debt rating to BAA3 from BAA2.

The next day, MF Global Holdings Ltd reported results for its second fiscal quarter ended September 30, 2011. Among other things, MF Global Holdings Ltd said its Revenue, net of interest and transaction-based expenses (net revenue), was $205.9 million for the second quarter 2012, compared with $240.3 million for the same period last year.

MF stocks fell from $3.55 on October 24, 2011 to as low as $1.15 on October 26, 2011.

Then Moody's Investor Service and Fitch Ratings then slashed the Company's credit rating on October 27, 2011. NYSE: MF stock price fell from $1.70 per share on October 26, 2011, to close at an all-time low of $1.43 per share on October 27, 2011.

Thereafter, attempts to spin off MF Global Holdings Ltd’s futures trading business failed and, on October 31, 2011, MF Global Holdings Ltd filed for Chapter 11 bankruptcy protection in United States Bankruptcy Court in New York.

The New York Stock Exchange suspended trading in the Company's stock and moved to de-list its shares on November 1, 2011.