Refco Creditors Take Aim At Underwriters

Law360, New York (March 12, 2007, 12:00 AM EDT) -- Refco Inc.’s creditors are demanding permission to take a closer look at the fallen futures broker’s underwriters, but the banks are not giving up without a fight.

The official creditor committee in the Refco Chapter 11 case has asked the U.S. Bankruptcy Court for permission to examine the financial records of the eight Wall Street firms that underwrote Refco’s $583 million initial public offering.

Targeted in the motion are Goldman Sachs Group, Credit Suisse First Boston, Deutsche Bank, J.P. Morgan & Chase Co., Sandler O’Neil &...
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