Investors Appeal Dismissal Of MF Global IPO Action

Law360, New York (September 21, 2009, 6:04 PM EDT) -- Investors in a putative class action against former Man Group PLC subsidiary MF Global Ltd. have appealed a decision dismissing their complaint alleging securities fraud in connection with the brokerage's initial public offering.

The plaintiffs, which include the Iowa Public Employees' Retirement System, the Policemen's Annuity & Benefit Fund of Chicago and others, filed a notice of appeal Sept. 18 in the U.S. District Court for the Southern District of New York.

Investors are asking the U.S. Court of Appeals for the Second Circuit to review...
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