Cayman Law Will Apply To Suit Over Offshore Refco Funds

By Jeannie O'Sullivan (May 21, 2015, 8:30 PM EDT) -- A New Jersey federal judge ruled Wednesday that Cayman Islands law applies to a lawsuit accusing a former Sphinx hedge fund director of improperly depositing $312 million into offshore Refco Inc. accounts days before the brokerage firm's high-profile bankruptcy, ruling that the case was contractually bound to the islands....

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