Ombudsman Assigned, Refco Seeks To Sell Client Lists

Law360, New York (November 2, 2006, 12:00 AM EST) -- The bankruptcy judge in Refco Inc.’s Chapter 11 case has granted a motion seeking the appointment of a consumer privacy ombudsman, bringing the bankrupt commodities brokerage a step closer to selling off a list of Refco F/X Associates' foreign exchange customers.

U.S. Bankruptcy Judge Robert Drain signed an order Tuesday giving the U.S. Trustee until November 7 to appoint the ombudsman, holding that the appointment would be in the best interests of both the estate and its creditors.

The consumer privacy ombudsman’s role will be to...
To view the full article, register now.