Refco Plaintiffs Object To Defendants' Motion

Law360, New York (May 25, 2007, 12:00 AM EDT) -- The lead plaintiffs in the securities class action filed against now-defunct futures brokerage Refco Inc. have formally objected to a motion filed by some of the defendants asking the court to reconsider the allegations against them.

On Thursday, the lead plaintiffs in the securities suit asked the U.S. District Court for the Southern District of New York to deny a motion filed by members of Refco’s audit committee who have been named as defendants in the suit.

The audit committee defendants had challenged several of the...
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