Commentary: Bondholders argue they were duped by MF Global

04/23/2012 | Bloomberg

William Cohan writes about how MF Global sold bonds last summer to raise $650 million; the bonds are trading at about 35 cents on the dollar, and the bondholders are suing. "MF Global executives told these investors that everything at the company was just fine when, in fact, capital and liquidity were in devastatingly short supply," Cohan writes.

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