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In Re: Refco Securities Litigation

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Case overview

Case Number:

1:07-md-01902

Court:

New York Southern

Nature of Suit:

Securities/Commodities

Multi Party Litigation:

Multi-district Litigation

Judge:

Jed S. Rakoff

Firms

Companies

Sectors & Industries:

  1. May 02, 2014

    Special Master Backs $669M Hit For Handful Of Refco Execs

    The special master in the Refco Inc. securities fraud multidistrict litigation on Friday recommended that a New York federal judge enter a $669 million judgment against five defendants, for their roles in the scheme that brought down the massive commodity brokerage.

  2. August 02, 2013

    Refco Judge Won't Revive Abetting Claims Against PwC

    A New York federal judge on Friday refused to reconsider his June ruling in favor of PricewaterhouseCoopers LLP and others on allegations that they aided the Refco Inc. fraud with respect to a group of hedge funds.

  3. March 12, 2013

    Investors' Suit Over Mayer Brown's Refco Dealings Hits Hurdle

    The New York special master in the Refco Inc. securities fraud multidistrict litigation said Monday that hedge fund liquidators suing Refco's former counsel Mayer Brown LLP and Grant Thornton LLP failed to establish facts of the fraud, recommending a federal judge deny the plaintiffs' partial summary judgment bid.

  4. September 05, 2012

    Grant Thornton Settles Refco Trustee's Fraud Claims

    Grant Thornton LLP has settled allegations in multidistrict litigation that it helped Refco Inc. defraud investors by encouraging them to deposit money with the brokerage after it became insolvent following a $1.9 million leveraged buyout, according to a Tuesday order in New York federal court.

  5. August 22, 2012

    Deutsche, Others Say Destroyed Evidence Nixes Refco Suit

    Deutsche Bank Securities Inc., accounting firm Grant Thornton LLP and other defendants asked a federal judge Tuesday to toss a hedge fund's lawsuit aimed at recovering money lost to the Refco Inc. fraud, saying a key witness destroyed binders full of evidence.

  6. July 18, 2012

    Schulte Ducks Malpractice Claims From Refco Investors

    A New York federal judge on Wednesday tossed a malpractice suit accusing Schulte Roth & Zabel LLP of improperly drafting documents for hedge fund investors in doomed brokerage firm Refco Inc., despite a special master's recommendation to allow the bulk of the claims to proceed.

  7. June 19, 2012

    Grant Thornton Can't Duck Refco Trustee's Fraud Claims

    Grant Thornton LLP should face allegations in multidistrict litigation that it helped Refco Inc. defraud investors by encouraging them to deposit money with the brokerage after it became insolvent, according to a ruling in New York federal court Sunday.

  8. April 09, 2012

    Schulte Roth May Have To Face Refco Malpractice Claims

    The bulk of a malpractice suit should proceed against Schulte Roth & Zabel LLP for allegedly failing to properly draft documents for hedge fund investors in doomed brokerage firm Refco Inc., a special master in the Refco multidistrict litigation ruled Monday.

  9. March 27, 2012

    Mayer Brown Must Face Claim It Aided Refco Scam

    A New York federal judge ruled Saturday that Mayer Brown LLP, primary counsel for Refco Inc. until its October 2005 collapse, must face part of a claim that it helped the defunct brokerage in defrauding a family of hedge funds.

  10. January 18, 2012

    Refco Special Master Supports Paring Mayer Brown Claims

    A special master in the Refco Inc. multidistrict fraud litigation on Tuesday recommended trimming hedge fund liquidators' claims against Mayer Brown LLP, but also backed part of a claim that the firm had aided the defunct brokerage in scamming investors.

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