Refco Gets A Break On Asset Sales
U.S. Bankruptcy Judge Robert Drain ruled that Refco was not automatically required to pay commodity brokerage firm Cargill Inc. between $67 million and $192 million, negating an earlier deal between the two companies.
Refco acquired Cargill last August, two months prior to filing for Chapter 11 bankruptcy protection.
In addition to the payments, which...
To view the full article, register now.