Firms Claim Sphinx Trustee's Discovery Is "Fishing"

Law360, New York (January 14, 2008, 12:00 AM EST) -- A number of underwriters to liquidated hedge fund PlusFunds Inc. have raised their hands in objection to Sphinx Funds Trust's discovery requests, arguing that it is searching for unrelated details connected to the separate Refco Inc. bankruptcy.

Deutsche Bank Securities Inc., Credit Suisse Securities (USA) LLC, Banc of America Securities LLC, J.P. Morgan Chase & Co., Harris N.A., Arthur Andersen LLP and Grant Thornton LLP all filed motions on Friday opposing the Sphinx Fund trustee's motion for examinations under Rule 2004 of the Federal Rules of...
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