Refco Insurer Drops D&O Spat After Settlement OK'd

Law360, New York (September 8, 2010, 5:07 PM EDT) -- A federal judge has given XL Specialty Insurance Co. the green light to end its suit against former employees of the defunct commodities trading firm Refco Inc., following a bankruptcy court's approval of a settlement agreement the insurer reached with the majority of the remaining defendants.

Judge Jed S. Rakoff issued his order and final judgment to dismiss the complaint in the U.S. District Court for the Southern District of New York on Tuesday, noting that XL had entered stipulations with nine defendants and that the...
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