$245M Suit Says Mayer Brown Aided Refco Fraud

Law360, New York (July 27, 2007, 12:00 AM EDT) -- The buyout firm that once controlled Refco Inc. slammed Mayer Brown Rowe & Maw LLP with a suit Thursday that implicated the powerhouse law firm in helping Refco with the bad transactions and cover-ups that sent it into bankruptcy.

The suit was filed in the Southern New York district court by Thomas H. Lee Equity Fund V LP, which back in 2004 bought a majority stake in Refco. Little did T.H. Lee know at the time, however, that Refco was about to go bust in one...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.