Equity Fund, Auditor Avoid Trial In Refco MDL

Law360, New York (September 8, 2011, 3:21 PM EDT) -- Refco Inc.'s largest investor and the company's auditor, who have been battling over liability for the multimillion-dollar fraud that brought down the securities broker and sparked multidistrict litigation, resolved their dispute Wednesday, days before they were set to go to trial.

U.S. District Judge Jed S. Rakoff signed off on a joint motion to dismiss Thomas H. Lee Equity Fund V LP’s suit against Grant Thornton LLC, closing the suit — part of the securities MDL — just before a Sept. 12 trial was scheduled to...
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