Refco Moves To Limit Probe Into Offshore Unit

Law360, New York (March 6, 2006, 12:00 AM EST) -- In a move to limit the scope of an investigation by a court-appointed examiner, Refco Inc. has told a bankruptcy judge it doesn't want the examiner to look into alleged wrongdoing at its unregulated offshore unit, Refco Capital Markets Ltd.

In papers filed in a Manhattan bankruptcy court last week, the company said it supported the appointment of an examiner, but asked that the parameters of the examination be narrowly tailored so that the appointment best serves the interests of the estates.

“The virtually unlimited scope...
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