Fleishman-Hillard is among creditors of MF Global, the brokerage firm led by ex-politico and Goldman Sachs partner Jon Corzine which filed for bankruptcy on Oct. 31 and is being investigated by federal regulators.
F-H/Chicago is listed in MF’s filing as an unsecured creditor owed $42K, among dozens of others including Raleigh digital ad agency Media Two, high-powered law firms, banks and CNBC. The Omnicom-owned F-H worked for MF in the U.S. and Asia.
The brokerage firm listed assets of $41B and liabilities topping $39B and was brought down in part by bad bets on European debt.
The New York Times reported Oct. 31 that regulators are examining whether MF used client funds to support its own trades, Less than $700M is believed to be missing, according to the report. MF had been seeking a buyer to avoid bankruptcy.
Diana DeSocio is VP of corporate communications for MF based in London. She has not yet been reached.