Refco Judge Won't Revive Abetting Claims Against PwC

Law360, New York (August 02, 2013, 6:09 PM ET) -- A New York federal judge on Friday refused to reconsider his June ruling in favor of PricewaterhouseCoopers LLP and others on allegations that they aided the Refco Inc. fraud with respect to a group of hedge funds.

U.S. District Judge Jed S. Rakoff said Kenneth Krys, the trustee for Sphinx Managed Future Fund SPC, failed to show that the losses he claims the group sustained as a result of the Refco fraud were enabled by PwC and co-defendants Credit Suisse Securities (USA) LLC, Merrill Lynch Pierce...
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