THL Blasts Grant Thornton Expert Before Refco Trial

Law360, New York (August 18, 2011, 2:26 PM EDT) -- Thomas H. Lee Equity Fund V LP asked a New York federal court Wednesday to throw out an expert report submitted by Grant Thornton LLP just weeks before multidistrict litigation is slated to begin over the fraud that doomed Refco Inc.

Grant Thornton submitted a report Aug. 8 by its new expert, Peter S. Kaufman, which claims that Refco's board — which was dominated by THL members — could have taken several steps that might have prevented the disastrous run on the bank that THL has...
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Case Information

Case Title

In Re: Refco Securities Litigation


Case Number

1:07-md-01902

Court

New York Southern

Nature of Suit

Securities/Commodities

Judge

Jed S. Rakoff

Date Filed

December 28, 2007


Case Title

Thomas H. Lee Equity Fund V, L.P. et al v. Grant Thornton LLP


Case Number

1:07-cv-08663

Court

New York Southern

Nature of Suit

Fraud or Truth-In-Lending

Judge

Jed S. Rakoff

Date Filed

October 5, 2007

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