We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Hedge Funds Object To Refco Payment Plan

Law360 (September 20, 2006, 12:00 AM EDT) -- A group of hedge funds counting on a generous return from investments made in Refco Inc. has called for the bankruptcy court to stop the commodities brokerage from repaying lenders $642 million.

The ad hoc equity committee, including JMB Capital Partners, Lonestar Capital Management LLC and other hedge funds, owns more than 25% of Refco’s stock, which was bought following Refco’s collapse into bankruptcy in October 2005, according to court documents filed Wednesday in the U.S. Bankruptcy Court for the Southern District of New York....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.