RCM Trustee Objects To Sphinx Filing

Law360, New York (January 22, 2007, 12:00 AM EST) -- The U.S. Trustee for Refco Capital Markets has lodged a formal objection to a request by Sphinx Managed Futures Fund Inc. in which the fund has petitioned for the right to make claims against RCM in the event the $263 million settlement between the two is overturned.

U.S. Trustee Mark S. Kirschner has objected to Sphinx’ request on the grounds that “any claims and defenses the claimants will have if the Sphinx settlement is overturned on appeal will arise under the provisions of the court-approved Sphinx...
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