Refco Investors Request Approval of $108M Settlement

Law360, New York (September 12, 2006, 12:00 AM EDT) -- Two investment firms that filed a class action lawsuit against Austrian lender Bawag PSK Group for its role in Refco Inc.’s collapse have asked a judge to approve a $108 million settlement before the bank’s finances further deteriorate.

The firms, Pacific Investment Management Co., or Pimpco, and RH Capital Associates, added that the settlement was a good deal for Refco’s shareholders and bondholders.

“Time is not on the side of the settlement class when it comes to claims against Bawag,” the firms said in court documents...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Mazur et al v. Refco, Inc. et al


Case Number

1:05-cv-08626

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Jed S. Rakoff

Date Filed

October 11, 2005

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.