Exec Wants Mayer Brown RICO Suit Out Of Refco MDL

Law360, New York (February 16, 2010, 2:23 PM EST) -- A former executive at a Refco Inc. affiliate has moved to sever his lawsuit — which alleges that, as the brokerage's counsel, Mayer Brown LLP violated the Racketeer Influenced and Corrupt Organizations Act and cost him a $3.75 million bonus — from multidistrict litigation over the Refco fraud.

Thomas Galvin, an executive at Refco affiliate Forstmann-Leff Associates LLC, filed a motion on Friday in the U.S. District Court for the Southern District of New York, saying that his suit lacked commonality with the other cases in...
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