Refco Ch. 11 Plan, Confirmation Draw Objections

Law360, New York (December 5, 2006, 12:00 AM EST) -- Commodities broker Refco Inc. filed a modified joint Chapter 11 reorganization plan on Monday, following objections to the court’s tentative approval of an earlier version in October.

The deadline to file objections to the plan was Friday. At least 14 parties filed objections, including former Refco customers, and former employees and liquidators of bankrupt Sphinx Managed Futures Fund SPC, among others. The objections all stated the need for additional provisions and specific edits to protect the interests of the objectors.

For example, one objection was filed...
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