Refco Unit Says It's Ready To Exit Ch. 11

Law360, New York (September 1, 2009, 1:11 PM EDT) -- Refco Commodity Management Inc., a subsidiary of defunct futures brokerage giant Refco Inc., has asked a bankruptcy court to approve its exit from Chapter 11 proceedings, more than a year after its liquidation plan received the court's blessing.

RCMI filed a motion Monday in the U.S. Bankruptcy Court for the Southern District of New York seeking a final decree that would end almost three years of bankruptcy proceedings, claiming the company has made the necessary distributions and settled all the disputed matters.

“RCMI has completed the...
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