Rogers Funds Reach Deal Over Refco LLC

Law360, New York (October 4, 2006, 12:00 AM EDT) -- After warring for months, the Chapter 7 trustee for Refco LLC and representatives for two investment funds have reached an agreement regarding customer property claims against the former flagship unit of beleaguered brokerage giant Refco Inc.

Rogers Raw Materials Fund LP and Rogers International Raw Materials Fund LP laid down their swords on Tuesday, with U.S. Trustee Albert Togut agreeing to recognize the funds’ $30 million claims against Refco LLC.

News of the rapprochement comes only a few weeks after the Rogers funds settled with the...
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