$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...
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