Refco Trustee Files 40 Adversary Complaints

Law360, New York (October 8, 2007, 12:00 AM EDT) -- The trustee for the Refco litigation trust unleashed a flurry of adversary suits Friday, lodging 40 complaints against defendants including Goldman Sachs & Co., FedEx Corp., Sprint Nextel Corp. and New York Stock Exchange Inc., seeking to recover what the complaints label preferential transfers from the debtors to the defendants.

The spate of adversary cases, brought by trustee Marc S. Kirschner, hit the docket of the U.S. Bankruptcy Court in Manhattan on Friday, less than two weeks before the two-year anniversary of Refco Inc.'s bankruptcy filing...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.