Law360, New York (April 21, 2006, 12:00 AM ET) -- Refco Inc.’s former CEO, Philip Bennett, has asked a Manhattan district court judge to throw out a $245 million criminal fraud class action suit brought against him by three funds managed by Thomas H. Lee Partners, a private equity firm that facilitated the commodity brokerage’s initial public offering last year.
Refco filed for bankruptcy protection last October after announcing that Bennett had hidden $430 million in bad debt from investors and bondholders, aided by the oversight of numerous underwriters, auditors and company officers.
Thomas H. Lee...
Refco CEO Asks Judge To Throw Out Suit
To view the full article, take a free trial now.
