Judge Keeps $80M Refco Trustee Suit In Bankruptcy Court

Law360, New York (May 9, 2012, 8:31 PM EDT) -- A New York federal judge on Wednesday sent back to bankruptcy court an adversary suit brought by the trustee for failed brokerage Refco Inc. against executives accused of fraudulently receiving $80 million in funds in connection with a scheme to hide the bank's impending insolvency.

U.S. District Judge Jed S. Rakoff found that the U.S. Supreme Court's decision in Stern v. Marshall — which held that bankruptcy courts are constitutionally prohibited from issuing final decisions in certain cases, such as state law tortious interference claims —...
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Case Information

Case Title

Marc Kirschner v. Sukhmeet Dhillon et al

Case Number



New York Southern

Nature of Suit

Bankruptcy Withdrawal


Jed S. Rakoff

Date Filed

November 14, 2011

Law Firms

Government Agencies

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