Refco Execs Demand Insurer Cover Their Legal Bills

Law360, New York (September 6, 2007, 12:00 AM EDT) -- Three former top executives of fallen commodities broker Refco Inc. have asked a bankruptcy court judge to force their insurance company to advance them funds to cover the mounting costs of their defense in a variety of civil and criminal actions related to Refco's collapse.

In a complaint filed Tuesday with the U.S. Bankruptcy Court for the Southern District of New York, the three former Refco executives, former Refco chief executive Phillip Bennett, former president Tone Grant, and former chief financial officer Robert Trosten, asked Judge...
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