Judge Tosses Claims Against Banks In Refco Suit

Law360, New York (August 15, 2008, 12:00 AM EDT) -- A district judge has once again tossed complaints by the shareholders of now-defunct futures brokerage Refco Inc. against three of the world's largest investment banks, marking the second time that the plaintiffs in the case have been denied.

In a ruling handed down on Aug. 14, Judge Gerard E. Lynch of the U.S. District Court for the Southern District of New York dismissed the allegations filed against Credit Suisse Securities LLC, Banc of America Securities LLC and Deutsche Bank Securities in the consolidated shareholder suit, finding...
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