Trustee Returns Fire In Refco Suit

Law360, New York (September 2, 2008, 12:00 AM EDT) -- The U.S. trustee overseeing bankruptcy proceedings for Refco Inc. has pushed back hard against several motions to dismiss a lawsuit alleging that outside auditors, legal counsel and investment banks knew that a multimillion-dollar fraud was taking place that would eventually lead to the investment firm's collapse.

Trustee Marc Kirschner filed the response on Friday in U.S. District Court for the Southern District of New York.

In his response, Kirschner argued that the lawsuit presented enough evidence that Grant Thornton LLP, Mayer Brown LLP, and PricewaterhouseCoopers LLP...
To view the full article, register now.