MF Global Holdings Ltd. will be removed from Russell 2000 Index.

MF Global Holdings Ltd.will be removed from Russell 3000 Index.

A motion for leave to appeal a Federal Court order in the current MF Global Holdings Ltd. 'Corporate Personhood' case was filed on March 20, 2012 by former MF Global customer, Adam Furgatch of Hawaii. Mr. Furgatch's originally filed motion, which raised the issue of 'corporate personhood' in the ongoing MF Global bankruptcy case, was denied by Judge Martin Glenn after being heard in Federal Bankruptcy Court on March 6, 2012. Mr. Furgatch, through his attorney, indicated that an appeal is warranted because there are similarities between his motion and the high-profile Kiobel v. Shell Oil corporate personhood case, the Nigerian human rights violations case currently being considered by the Supreme Court. The Kiobel case seeks to hold corporations responsible for their actions in the same manner that a human person would be held responsible for his or her own criminal actions. The Furgatch Motion asserts that because the U.S. Supreme Court has ruled that corporations are to be treated as 'persons', then the 'parent' corporate person, MF Global Holdings, by definition, must have a 'child' corporate person, MF Global Inc., the subsidiary brokerage whose 35,000 customers are still missing at least $1.6 billion in what was universally believed to be secured, segregated funds. The motion then cites specific statutes in the Bankruptcy Code that mandate that a child's support claims shall have super-priority status over all other unsecured creditors, including financial institutions such as JP Morgan Chase Bank. The Court order denying the Furgatch Motion stated that applicable Bankruptcy Code statutes and legal precedents consider that some parts of the Code are expressly reserved for corporations and some parts for individual human persons. Thus, the Court said, the motion's attempts to treat corporations the same as individuals are unfounded.