Grant Thornton Blasts Fund's Subpoenas In Refco Fight

Law360, New York (June 2, 2011, 12:31 PM EDT) -- Subpoenas that plaintiff Thomas H. Lee Equity Fund V LP served on Grant Thornton LP in May are a "transparent attempt to reopen fact discovery" in their fight over losses from the collapse of Refco Inc., the defendant told a New York federal court Wednesday, as part of the Refco multidistrict litigation.

Grant Thornton and THL are at odds in long-running litigation over Refco, which collapsed in October 2005 when the company revealed it had discovered a $430 million liability not on the books. THL had...
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