Grant Thornton Targets Equity Firm In Refco MDL

Law360, New York (February 18, 2011, 6:15 PM EST) -- Grant Thornton LLP has jumped into a multidistrict securities litigation against Refco Inc. as a third-party plaintiff, seeking to hold Thomas H. Lee Partners LP and a number of affiliates responsible for substantially assisting the massive Refco fraud.

Grant Thornton's third-party complaint against THL, filed in the U.S. District Court for the Southern District of New York on Wednesday, arises from the company's position as a defendant itself in the MDL for its role as Refco's auditor.

In October 2009, Refco private actions trustee Marc Kirschner...
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