Refco Sues Cantor Over $8M Stake In Drained Tech Assets

Law360, New York (July 16, 2013, 6:04 PM ET) -- The bankruptcy estate of Refco Inc. has launched a suit in New York federal court alleging Cantor Fitzgerald LP cheated it out of profits netted from gambling technology produced by the company's shuttered subsidiaries, alleging that it was never compensated for an $8 million investment.

Refco provided $8 million in 2002 in exchange for a 10 percent stake in Cantor Fitzgerald's subsidiary Cantor Index Holdings, according to the complaint, which was filed in March but unsealed Monday. After several years of success in developing “revolutionary” gaming...
To view the full article, take a free trial now.
Try Law360 for free for seven days
Already a subscriber? Click here to login

Already have access?

  1. Forgot your password?
  2. Sign In

Get instant access to the one-stop news source for business lawyers

Required

Case Information

Case Title

Refco Inc. et al v. Cantor Fitzgerald, L.P. et al

Case Number

1:13-cv-01654

Court

New York Southern

Nature of Suit

Bankruptcy Withdrawal

Judge

Ronnie Abrams

Date Filed

March 12, 2013

Sections

Law Firms Mentioned

Companies Mentioned

Related Articles