Equity Fund, Auditor Avoid Trial In Refco MDL

Law360, New York (September 8, 2011, 3:21 PM EDT) -- Refco Inc.'s largest investor and the company's auditor, who have been battling over liability for the multimillion-dollar fraud that brought down the securities broker and sparked multidistrict litigation, resolved their dispute Wednesday, days before they were set to go to trial.

U.S. District Judge Jed S. Rakoff signed off on a joint motion to dismiss Thomas H. Lee Equity Fund V LP’s suit against Grant Thornton LLC, closing the suit — part of the securities MDL — just before a Sept. 12 trial was scheduled to...
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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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