Investors who lost money when Jon Corzine's MF Global Holdings Ltd. collapsed reached a $29.83 million settlement with five underwriters that helped the futures brokerage sell bonds in the summer of 2011, less than three months before it went bankrupt, Reuters reported today. The preliminary accord resolves class action claims against Leucadia National Corp's Jefferies LLC unit, units of Bank of Montreal, Natixis SA and US Bancorp and Lebenthal & Co., according to papers filed on Friday. All denied wrongdoing. Investors led by the Virginia Retirement System and the Canadian province of Alberta accused the defendants of making false and misleading statements when they helped MF Global sell $325 million of 6.25 percent senior notes in August 2011, or were liable for misstatements in the bonds' offering materials.
