We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Fraud Allegations Fly In Refco Clients' New Suits

Law360 (October 9, 2007, 12:00 AM EDT) -- Some of Refco Inc.'s biggest clients filed a new pair of suits Tuesday, accusing the bankrupt brokerage, its sister companies and its former officers as well as Thomas H. Lee Partners LP and its directors of participating in a securities sales scheme, which was further covered up with fraud.

In their more than 300 pages of litigation, Capital Management Select Fund Ltd., Investment & Development Finance Corp., IDC Financial SA, VR Global Partners LP and Paton Holdings Ltd. accused Refco's ex-officers of scheming to convert their...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.