Refco MDL Special Master Says Many Claims Should Go

Law360, New York (December 7, 2010, 2:33 PM EST) -- The special master in the Refco Inc. securities multidistrict litigation has suggested that many of the plaintiffs' claims should be tossed because the plaintiffs cannot escape the fact that they may be partially to blame for some of the wrongdoing at issue.

A number of plaintiffs' claims are barred by the Wagoner rule, also known as the in pari delicto doctrine, because they stand in the shoes of wrongdoers, according to Special Master Daniel J. Capra's report and recommendations filed in the U.S. District Court for...
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