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Refco Administrator Objects To $7M Bonus Request

Law360 (April 19, 2007, 12:00 AM EDT) -- The plan administrator for Refco Capital Markets Ltd. leveled a limited objection Wednesday at the final fee application of the investment banker for the official committee of unsecured creditors of Refco Inc.

Houlihan Lokey Howard & Zukin Capital Inc. has asked for more than $11.6 million in compensation and expenses for worked performed between Oct. 28, 2005 and Dec. 26, 2006.

The amount includes $2.9 million of aggregate monthly fees, a $2 million transaction fee for the sale of the Refco LLC business, and a bonus...
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