THL To Pay $145M To Settle Refco Claims

Law360, New York (March 3, 2011, 3:06 PM EST) -- Plaintiffs in a putative class action accusing a Refco Inc. unit of selling their assets without permission asked a federal court in New York on Wednesday to preliminarily approve a $145 million settlement with Thomas H. Lee Partners LP.

Thomas H. Lee Partners LP and several affiliates have agreed to shell out $145 million for a global settlement that will resolve claims brought by the putative class of customers of Bermuda-based Refco subsidiary Refco Capital Management Ltd., as well as a lawsuit filed by Marc Kirschner,...
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