Judge OK’s Rogers Funds Settlement In Refco Case

Law360, New York (September 18, 2006, 12:00 AM EDT) -- A federal judge has approved an agreement between Refco Capital Markets and two investment funds that will allow a settlement between RCM and its customers to move forward.

In documents filed Friday with the U.S. Bankruptcy Court in Manhattan, Judge Robert Drain said a court-appointed Trustee of RCM had negotiated a “fair and reasonable” outcome.

“The Rogers settlement joinder is the product of arm’s-length and good faith negotiations among the parties to that agreement,” Drain said.

Originally, the two investment funds, both of which are affiliated...
To view the full article, register now.