Refco Sees Light At End Of Tunnel

Law360, New York (September 14, 2006, 12:00 AM EDT) -- In a move that will move Refco Inc. closer toward emerging from bankruptcy, the commodities broker has reached an oral agreement with its main creditors, lawyers told a bankruptcy judge on Thursday.

Lawyers told Judge Robert Drain at the U.S. Bankruptcy Court for the Southern District of New York they had reached a final agreement, but had not gone through all formalities involved, such as printing the required documents. A written agreement must still be signed.

The agreement includes bondholders and creditors of Refco Capital Markets,...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.