Refco's Foreign Exchange Clients Sue For $10M
The ad hoc Refco F/X customer committee and Forex Trading L.L.C. have filed an adversary suit against Refco F/X Associates L.L.C. and Refco Capital Markets Ltd. seeking the return of more than $10 million dollars in client funds. The plaintiffs claim Refco F/X improperly shuttled the money to Refco Capital Markets.
The plaintiffs—referred to as customers in...
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