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

Securities Plaintiffs Object To Refco Chapter 11 Plan

Law360 (December 7, 2006, 12:00 AM EST) -- The lead plaintiff in the class action securities lawsuit pending against bankrupt futures broker Refco Inc. has objected to the company’s reorganization plan, arguing that the plan gives preferential treatment to certain claimants.

RH Capital Associates LLC and Pacific Investment Management Company LLC have filed a formal objection to the plan in the U.S. Bankruptcy Court for the Southern District of New York.

The firms have alleged that the reorganization plan discriminates against holders of old equity interests, which includes many class members in the securities...
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.